Chatham Rock eyes capital raising after Capital Trust delay
By Gavin Evans Jan. 14 (BusinessDesk) - Chatham Rock Phosphate says it will need to seek additional working capital to maintain “operating momentum” while it advances its proposed merger with Capital Trust Group. The company said the prerequisites for the transaction – whic...
NZ dollar rises as benign inflation data weighs on USD
By Gavin Evans Jan. 14 (BusinessDesk) - The New Zealand dollar is trading firmer after benign inflation data in US on Friday affirmed expectations the central bank there will be measured in any moves to raise interest rates there. The kiwi was trading at 68.20 US cents at 8...
NZ dollar headed for 1.5% weekly gain on improved global outlook
By Gavin Evans Jan. 11 (BusinessDesk) - The New Zealand dollar is headed for a 1.5 percent weekly gain after soothing comments from the Federal Reserve and signs of progress in US-China trade talks reduced fears of sharply slowing global growth. The kiwi was trading at 68.0...
Synlait's licence for China exports renewed
By Gavin Evans Jan. 11 (BusinessDesk) - Synlait Milk said registration of its Dunsandel plant in the South Island has been renewed by Chinese authorities for another four years. The company, which makes about 8 percent of its sales in China, said the registration by that co...
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