
NZ primary sector needs story to sell globally, trade envoy Petersen says
By Fiona Rotherham May 17 (BusinessDesk) - New Zealand needs to develop a new primary sector story to help sell its products to the world, says Mike Petersen, New Zealand’s special agricultural trade envoy. Speaking at today’s Dairy NZ Farmer Forum at Mystery Creek, Peterse...

Airwork awarded $2 mln plus interest in claim against Totally Tourism
By Paul McBeth May 17 (BusinessDesk) - Airwork Holdings, the aviation industry service provider, won its claim in the High Court against Totally Tourism's The Helicopter Line unit over a helicopter supply deal that soured. The High Court today ruled in favour of Airwork's...

NZ Refining margin squeezed by hydrocracker shutdown and maintenance
By Paul McBeth May 17 (BusinessDesk) - New Zealand Refining's margins were squeezed by a planned shutdown of its hydrocracker unit and operational problems that needed repairing in the March/April period. The Whangarei-based company's net refinery margin was US$1.84 a barr...

Fonterra shareholders to vote on governance changes next month
By Paul McBeth May 17 (BusinessDesk) - Fonterra Cooperative Group's farmer shareholders will vote next month on whether to accept governance changes to trim the board by two directors and install a new selection process. The Auckland-based cooperative will hold a special me...