New Zealand

NZ wine exports cross billion-dollar barrier

NZ wine

Global response to New Zealand's wine scaled new heights with wine exports crossing the billion-dollar barrier; selling wine worth $1.01 billion by the end of July. The industry, in the midst of bumper wine harvest, is optimistic about achieving targets ahead of the schedule.

Past year witnessed fall by 40pct in Auckland hotel prices

Auckland hotel

A fall by 40% in Auckland hotel room rates, in United States dollar terms, have been reported over the last year - thereby marking the third largest fall in a worldwide index of hotel rates.

In general, a 17% of drop in worldwide prices was posted in the Hotels. com survey for the period from January to June this year, compared to the corresponding period the earlier year.

Healthscope: Labtests services to be “fixed quickly”

Labtests

Noting that there have been a series of complaints related to the way in which Auckland's medical laboratory services provider, Labtests, is delivering its $70 million per year contract, Dr Michael Coglin - the chief medical officer of Labtests' Australian parent company Healthscope - has assured that the company is throwing resources into solving the problems.

Keys to success given by Chris Liddell in his keynote

Microsoft

Today, Tech Ed, Microsoft's keynote developer event commenced with the stirring beat of African drums at Auckland's Sky City convention centre.

Developers were welcomed to the 14th Tech Ed by Scott Wylie, developer and platform group manager; who announced the launch of the "Windows 7 Tech Ed", and explained that this new operating system has already been installed by 50,000 Kiwis.

Winflow posts loss, confirms uncertainties

Windflow Technology Ltd

Leading turbine manufacturer, Windflow Technology Ltd, reported a loss of $1.23 million, on account of delayed payments and non-payments by its various customers.

The company holds a cash deposit of $11.727m and has no long term liabilities by the balance date. Winflow, however, reported increase in revenue which stood at $29.522m, as compared to $10.991m in the same period last year.

Zealand retail sales recorded steep fall in July

Zealand retail sales recorded steep fall in July

New Zealand’s retail sector has yet to come out of adverse impact of global financial crisis, as indicated by retail sales figures for July. The country witnessed fall in retail sales for the second successive month in July, apparently due to low demand across the segment.

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