New Zealand Post became the latest major employer to announce job cuts as it closes its Datamail centre in Petone, Wellington, at the cost of 70 jobs, and axes 30 jobs in Auckland. Datamail, which prints junk mail for advertisers, will close the Petone site in mid-2014, will offset the cuts with the creation of 30 new positions in its …

Japanese drinks giant Asahi has filed papers in the Federal Court of Australia in Melbourne over the $1.5 billion price tag on its Independent Liquor purchase from private equity firms Pacific Equity Partners and Unitas Capital. Asahi Holdings (Australia) and Independent Liquor (NZ) today filed an originating application in the court, alleging the private equity firms made false representations about …

New Zealand food prices rose for the first time in five months in January, led by fruit, vegetables and grocery items such as biscuits, yoghurt and bread. The food price index climbed 1.9 percent in January, following a 0.2 percent decline in December, according to Statistics New Zealand. All five categories of food measured rose in the latest month. Fruit …