The Australian dollar was more than one US cent higher following the release of disappointing US manufacturing figures. At 7am AEST the currency was at 97.70 US cents, up from 96.46 US cents at yesterday’s local close. Westpac New ...
Tags: Australian Dollar, US Factory Data
BT, one of Yahoo's biggest customers for its Yahoo Mail service, has decided to dump the service in favour of its own BT Mail platform, which will be run by US messaging specialist Critical Path. Yahoo Mail accounts have been given ...
Tags: BT, Yahoo, Account Hijackings
Icebreaker, the New Zealand company that pioneered the outdoor merino wool apparel category, announced that Sven Baxmann has joined the Icebreaker team as Germany Country Manager. Baxmann is responsible for strategically developing and ...
Tags: Apparel, Accessories
Aston Martin has recalled approximately 90 of its high-performance luxury sports cars in Australia after identifying a defect that can cause the vehicles’ accelerator pedals to snap. The recall relates to most of Aston Martin models ...
Material irrelevant to police investigation that was seized from Megaupload founder Kim Dotcom and three associates in January 2012 will have to be returned to them, a court in New Zealand has ruled. The police are also required to ...
Tags: Kim Dotcom, Seized Material, New Zealand
Australia-based medical devices company Uscom has entered into an agreement to acquire New Zealand-based Pulsecor by offering five million fully paid ordinary Uscom shares. Under the terms of the agreement, Uscom will acquire all Pulsecor ...
The Australian dollar fell after another batch of good US economic data cemented hopes of a winding down of economic stimulus measures by the US central bank. At 7am AEST the local unit was trading at 96.16 US cents, down from 96.55 cents ...
Tags: dollar, Australian, US Data
Chapman Freeborn Airchartering (CF) has signed a contract with Safair to place and operationally manage an L382 Hercules aircraft in Australia. Claimed to be the only rear-loading freighter of its kind in the country, the aircraft will be ...
Tags: Hercules, Australia, Commercial Charter
The 2013 DHL Export Barometer reveals the continuing hurdles of a strong Australian dollar and a plunging business outlook from the mining sector have impacted exporters’ profitability outlook but not their confidence. Exporter ...
Tags: Australian, Dollar, Service
Dairy technology firm Waikato Milking Systems is establishing a new complex known as Northgate in the Waikato business park, Hamilton with an investment of NZ$12m ($9.71m). The two-building complex will bring together the company's ...
Tags: Milking Systems, Dairy Technology
Business cash flow has slowed this year, placing further strain on a range of industries already experiencing low confidence because of weak trading activity and high operating costs. Businesses are waiting nearly eight weeks to be paid ...
Tags: Service
The Australian dollar has continued to fall due to investor caution and falls in commodity prices. At 7am AEST the local unit was trading at 96.42 US cents, down from 96.79 cents on Friday. Since 5pm AEST on Friday, the Australian dollar ...
Tags: Australian, Dollar, Commodity Prices
The Chinese Ministry of Commerce has approved the previously announced agreement of Heinz takeover by an investment consortium comprised of Berkshire Hathaway and 3G Capital. The transaction, which remains subject to certain customary ...
Tags: Heinz, 3G Capital
Helio System (TF-FA), an investigational equipment developed for use with the Sapien XT Transcatheter Heart Valve, has been deployed successfully in four patients during a feasibility trial of its use in patients with high-risk aortic ...
Tags: Aortic Insufficiency, Medicine
Nestlé USA has announced that it will source 100% certified cocoa beans for the entire line of everyday Nestlé Crunch bars - the company’s 75 year old flagship confections brand. With this move, the company has ...
Tags: Cocoa Beans, Crunch Bars