Retail
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Economy
First Union leading rivals for biggest average pay claims, says bargaining firm
By Pattrick Smellie July 18 (BusinessDesk) - Wage negotiations are becoming tougher, with the First Union leading the pack as it adopts more aggressive tactics to win higher than average wage settlements than competing unions, says Adelhelm & Associates in its 10th annual revi...
Markets
NZ dollar weakens after US retail sales boost greenback
By Rebecca Howard July 17 (BusinessDesk) - The New Zealand dollar pared some of its gains after stronger-than-expected US retail sales data cheered markets. The kiwi was trading at 67.01 US cents at 8am in Wellington versus 67.32 cents at 5pm. The trade-weighted index was a...
Economy
UPDATE: NZ 2Q inflation climbs in line with expectations
(Updates currency level, and adds comment from economists in 5th, 9th and 10th paragraph) By Rebecca Howard July 16 (BusinessDesk) - New Zealand’s consumers price index rose in the June quarter on higher prices for petrol, rent and ready-to-eat foods, but is unlikely to st...
Infrastructure
DB Breweries to switch Timaru plant from coal next year
By Gavin Evans July 12 (BusinessDesk) - DB Breweries is planning to switch its brewery at Timaru onto wood chip by the end of next year as part a plan to halve the group’s emissions by 2030. The firm, owned by Heineken, operates six breweries around the country. But DB Drau...
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