NZ dollar gains as dairy prices, high rates draw investors
By Jonathan Underhill Sept. 8 (BusinessDesk) - The New Zealand dollar rose, having climbed above 79 on a trade-weighted basis for the first time in 17 months, as the rebound in dairy prices and relatively high-interest rates, combined with softer data out of the US helped driv...
Moa to raise $4M in placement, rights issue; strikes ParrotDog deal
By Jonathan Underhill Sept. 8 (BusinessDesk) - Moa Group is to raise $4 million via a placement and rights offer at a 14 percent discount to the stock's last traded price, and will use the funds to expand its sales team and for working capital and expenses. The listed bouti...
Greenpeace's Norman lobbies ACC investment chief Bagnall not to invest in Ruataniwha
By Jonathan Underhill Sept. 8 (BusinessDesk) - Former Green Party co-leader and now Greenpeace New Zealand director Russel Norman has appealed to ACC investment manager Nicholas Bagnall not to commit the state-owned accident insurer's funds to the Ruataniwha Dam project. A...
NZ dollar TWI tops 79 for first time in 17 months, kiwi gains vs pound
By Jonathan Underhill Sept. 8 (BusinessDesk) - The New Zealand dollar trade-weighted index rose above 79 for the first time in 17 months as the nation's relatively sturdy economic growth, comparative high interest rates and recovering commodity prices underpinned sentiment for...
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