Kiwi dollar gains against US counterpart

NZ-DollarsBecause of rising international commodity prices and little change in the value of Australian dollar, the New Zealand dollar was able to gain strength against the greenback. Aussie currency is already at its decade low for the past two days.

In the morning, the New Zealand's dollar was trading at low which happened because data had shown how much of migration gains have been give to New Zealand. There has been very little on this part.

South Port expects more profits

South-Port-nzThe company which is into the business of managing the country's southern most port, South Port New Zealand, has raised its profit forecasts.

It said that the reason for the same is increase in volumes of logs that have been exported to China. Besides this, what was more important was that it started receiving normal output from Tiwai Aluminium Smelter.

CA fraud sentenced to community service

CA fraud sentenced to community service A chartered accountant fraud has been sentenced with 200 hours of community work. He is said to have been involved in a financial fraud by manipulating company record he made them pay him a rise of $10,000.

45 year old Mark Joseph Benjamin has already been convicted in seven fraud cases and was sentenced by Judge David Wilson in Auckland District Court.

Hyatt New Zealand will not manage Hotel and Residences

Hyatt New Zealand will not manage Hotel and ResidencesAfter the recently concluded sale of Hyatt Regency Auckland, two partners- Hyatt of New Zealand Limited and GPR Hotels Limited have decided that Hyatt will no longer be looking after Hotel and Residences.

GPR Hotels is the new owner of Hyatt and the new stand will become effective from January 20 of next year. It has also been decided that Hyatt Hotels & Resorts will continue to manage

More visitors coming to New Zealand

More visitors coming to New Zealand	Data collected by Statistics NZ has showed that more visitors have come to New Zealand during November. The rise was by 3 per cent and most of those who came were from China and Korea.

In real terms, some 14,900 arrivals were from China which a rise of some 3,800 over the last year while from Korea it was up by 1,800.

Employment confidence index rises slightly

Employment confidence index rises slightlyEmployment confidence has increased a little, however the people are still finding it difficult to get jobs.

According to the newest reports, Westpac McDermott Miller employment confidence index for the last quarter of the year ended December increased by less than a point to 103.5.

A figure more than 100 implies that there are more optimists than pessimists.

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