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Vodafone NZ’s general counsel Kreider wins bid to keep $541,000 a year job
By Paul McBeth May 17 (BusinessDesk) - Vodafone New Zealand’s general counsel David Kreider has won a bid to keep his $541,000 a year job after the phone company’s acquisition of TelstraClear last year would have made him redundant in the subsequent restructure. They were at...
Rebound in power prices drives biggest gain in producer prices in almost two years
May 17 (BusinessDesk) - New Zealand producers’ input and output prices posted the biggest gains in almost two years in the first quarter, driven by a rebound in electricity prices and higher prices for dairy manufacturers. Producer input prices, which are a measure of wholesale...
NZ dollar slumps on speculation US central bank may end easing bias this year
By Tina Morrison May 17 (BusinessDesk) - The New Zealand dollar slumped to its lowest this year on expectations an improving US economy may prompt its central bank to end its quantitative easing policy this year. The kiwi fell to 81.58 US cents from 82.48 cents at 5pm yesterday...
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