NZ dollar falls as weak dairy prices add to case for rate cut
By Paul McBeth Feb. 17 (BusinessDesk) - The New Zealand dollar fell as weaker dairy prices added to yesterday's subdued expectations for inflation in building a case for the Reserve Bank to cut the official cash rate. The kiwi traded at 65.60 US cents at 5pm in Wellington...
Fonterra to benefit from decades-low interest rates in sale of $150M of 7-year bonds
By Paul McBeth Feb. 17 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, stands to benefit from the lowest borrowing benchmarks in at least two decades in selling $150 million of seven-year bonds ahead of a debt maturity next month. The Auckl...
TeamTalk shares jump 22% as first-half earnings rebound
By Paul McBeth Feb. 17 (BusinessDesk) - TeamTalk shares jumped 22 percent after the listed telecommunications firm's first-half profit rebounded from a year earlier when it wrote down the value of its Farmside broadband services unit. It sees further gains in the second half. ...
Living Cell raises A$2.8M in NZ for next Parkinson's treatment trial
By Paul McBeth Feb. 17 (BusinessDesk) - Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, has raised A$2.8 million from Kiwi investors to help fund the next phase of its product to treat Parkinson's disease. The Melbourne-headquart...
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