Yashili NZ agrees to sell $18.7 mln of base powder dairy products to Danone
By Jonathan Underhill Aug. 22 (BusinessDesk) - Yashili New Zealand Dairy Co, the local unit of Chinese-owned Yashili International Holdings, has agreed to sell as much as $18.7 million of base powder dairy products to Danone under a contract that will run until the end of the...
Nib doubles NZ earnings, sees further growth, after adding policyholders
By Jonathan Underhill Aug. 22 (BusinessDesk) - Nib Holdings, the ASX-listed company that's New Zealand's second-largest health insurer, said full-year earnings doubled and it expects further growth in the 2017 year after adding policyholders and widening its margins. Underl...
Commerce Commission delays decision on 'complex' Fairfax-NZME merger
By Jonathan Underhill Aug. 22 (BusinessDesk) - The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the adver...
NZ dollar falls as Fed official fans rate-hike talk, Jackson Hole looms
By Jonathan Underhill Aug. 22 (BusinessDesk) - The New Zealand dollar fell after San Francisco Federal Reserve President John Williams revived talk of a rate hike as soon as September, taking a little of the shine off the kiwi's high yield. The kiwi fell to 72.45 US cents a...
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