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NZ apple growers likely to beat $1 billion export target early on rising prices, higher productivity
By Tina Morrison Jan. 31 (BusinessDesk) – New Zealand apple growers will probably reach $1 billion in exports ahead of their 10-year 2022 target as the industry benefits from higher productivity and rising prices. The apple industry, New Zealand’s second-largest fresh fruit ex...
Xero customer receipts rise 14 percent in 4Q as cash burn creeps higher
By Paul McBeth Jan. 31 (BusinessDesk) - Xero, whose shares have soared 478 percent in the past year, lifted its customer receipts 14 percent in the final three months of 2013 as it gained more traction, while slowing down the pace of its cash burn. The Wellington-based compan...
New Zealand inflationary pressures an ‘important risk’ to pace of growth, Wheeler says
By Paul McBeth Jan. 31 (BusinessDesk) – Rising inflationary pressures exacerbated by accelerating building activity pose a threat to New Zealand’s economic growth and warrant a return to more normal interest rates, Reserve Bank governor Graeme Wheeler says. The economy has be...
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