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NZ dollar heads for 2.2 percent weekly gain vs. greenback
By Paul McBeth June 14 (BusinessDesk) - The New Zealand dollar is heading for a 2.2 percent weekly gain against the greenback after the Reserve Bank kept rates on hold yesterday, and the first Federal Reserve approaches its first monetary policy review since signalling it would...
Air NZ’s Safe Air unit cuts 84 jobs in Blenheim as contracts end, high kiwi dents competitiveness
June 14 (BusinessDesk) – Air New Zealand’s aviation maintenance unit Safe Air plans to cut 84 jobs, or about 30 percent of its workforce, citing its struggle to attract new international contracts in the face of a high kiwi dollar, according to a union statement. The airline co...
Yellow Pages cuts 35 jobs, splits out print unit to focus on digital growth
By Tina Morrison June 14 (BusinessDesk) – Yellow Pages, the former Telecom directory company whose lenders seized control in 2010, will cut about 35 jobs and separate out its print unit to focus on digital growth. Splitting the print and digital units will allow the directories...
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