The New Zealand dollar rose against an Australian dollar undermined by a weak employment report on Thursday. The kiwi was at 79.86 Australian cents at 5pm, up from 79.49 cents at 8am and 79.63 cents at 5pm on Wednesday. The rise came after the Australian employment data came out at 1.30pm NZ time. “The important number to look at was …

ANZ has predicted an unemployment rate of about 7 percent for the next six months, as job advertisements experience an only slight rebound. The total number of advertisements in newspapers and online rose 0.4 percent (seasonally adjusted) in December, according to ANZ’s New Zealand Job Advertisement series. Advertising for Wellington jobs hit a three-year low in December, and advertisements in …

Christchurch software developer Jade Corp is splitting off its fast-growing intelligence-gathering software arm, Wynyard Group, as a separate entity, with Wynyard likely to be considering options for new capital to support growth by late this year. how to save money on electric bill Jade’s managing director since 2009, Craig Richardson, will move to work exclusively at Wynyard, as chief executive, …