NZ dollar gains after Fonterra raises payout forecast; Fed's Yellen to speak on inflation
By Paul McBeth Sept. 25 (BusinessDesk) - The New Zealand dollar rose after Fonterra Cooperative Group hiked its forecast payout to farmers for the current season, alleviating fears about the impact a slowing dairy sector would have on the local economy, and ahead of a speech b...
NZ Aug trade deficit rises on plane imports; meat drives export growth
By Paul McBeth Sept. 24 (BusinessDesk) - New Zealand's trade deficit was bigger than expected in August as one-off imports of aircraft widened the shortfall, even as international meat sales drove export growth to a record for the month. The trade deficit widened to $1.04 b...
Sanford writes down $6.5 mln from Australian operations
By Paul McBeth Sept. 24 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, has written down the value of its Australian operations in the latest tidying up of its books, which it says will give it a more focused approach to marketing across the Tasman. Th...
GeoOp brings on two Australian investors in $2.4 mln placement
By Paul McBeth Sept. 24 (BusinessDesk) - GeoOp, the workforce management app developer, has raised $2.4 million in a private placement that brings on two new Australian investors, whose networks it says will open doors across the Tasman. The Auckland-based software company...
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