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NZ dollar weakens after Apple slashes sales forecast

The New Zealand dollar fell after technology company Apple warned its revenue will fall short this quarter because the coronavirus crisis is disrupting both production and demand in China.The kiwi was trading at 64.12 US [...]

By | February 18th, 2020|Categories: Business|0 Comments

Halifax investors fight for individual positions

Judges overseeing the distribution of funds from collapsed online brokerage Halifax have indicated they want liquidators to do more to consider the position of investors unsatisfied with their current proposals. The Australian-headquartered... Source: NZ Herald [...]

By | February 18th, 2020|Categories: Business|0 Comments

LIC in talks to buy half-stake in Israeli farm management firm Afimilk

Livestock Improvement Corp said it's in advanced talks to buy half of Israeli dairy farm management firm Afimilk Agricultural Cooperative.The New Zealand dairy herd genetics company confirmed the negotiations were underway after... Source: NZ Herald [...]

By | February 18th, 2020|Categories: Business|0 Comments

Holden fans in shock as General Motors scraps iconic brand

Holden drivers - from the deputy leader of the National Party to everyday Kiwis - say they're gutted their iconic cars have reached the end of the road.The Holden brand will be scrapped by the [...]

By | February 17th, 2020|Categories: Business|0 Comments

Death of Holden: End of iconic car brand in NZ

The Holden brand will disappear at the end of the year after its owner General Motors announced it will no longer make cars suitable for New Zealand roads.American-based General Motors announced on Monday it would [...]

By | February 17th, 2020|Categories: Business|0 Comments