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NZ dollar gains after RBNZ's Wheeler cools on currency talk, soft Australian inflation

NZ dollar gains after RBNZ's Wheeler cools on currency talk, soft Australian inflation

By Paul McBeth April 24 (BusinessDesk) - The New Zealand dollar gained against the greenback after Reserve Bank governor Graeme Wheeler backed away from talking tough on the currency, while weaker than expected Australian inflation pushed the cross-rate in the local currency's f...

24 Apr 2013
Fonterra shakes management of key Asian unit

Fonterra shakes management of key Asian unit

April 24 (BusinessDesk) - Fonterra Cooperative Group's managing director of the Asia Pacific/Middle East/Africa (APMEA) unit Mark Wilson will leave at the end of the month to attend to "family health matters" after overseeing a management restructure of the regional business....

24 Apr 2013
Labour won't intervene in any other market, says Roberston

Labour won't intervene in any other market, says Roberston

April 24 (BusinessDesk) - Labour Party deputy leader Grant Robertson has moved to try and reassure financial markets that its sudden lurch to favour central planning in the electricity industry is one-off. In a statement attacking Economic Development Minister Steven Joyce, Robe...

24 Apr 2013