FIRST CUT: Fonterra swings to annual loss on Beingmate, Danone
By Rebecca Howard Sept. 13 (BusinessDesk) - Fonterra Cooperative Group posted an annual loss after writing down the value of its Beingmate Baby & Child Food investment and settling with Danone but says it's taking steps to improve the business. The dairy giant reported a l...
NZ Dollar gets lift after US proposes new round of China trade talks
By Rebecca Howard Sept. 13 (BusinessDesk) - The New Zealand dollar was trading higher after investor risk appetite was stoked by news that US officials are looking to re-open trade talks with China. The kiwi traded at 65.62 US cents at 8am in Wellington versus 65.10 US cen...
NZ dollar remains on backfoot as trade war keeps heating up
By Rebecca Howard Sept. 12 (BusinessDesk) - A weaker yuan fix, jitters about US-China trade tensions and lingering concerns about emerging markets combined to keep the New Zealand dollar on the backfoot in Asian trading. The kiwi traded at 65.10 US cents at 5pm versus 65.15...
Fonterra outlook trumps poor earnings, fund chair Shewan says
By Rebecca Howard Sept. 12 (BusinessDesk) - Fonterra Cooperative Group needs to show a strong outlook for investors to regain confidence in the world's biggest dairy exporter, who will be disappointed with its weak earnings, says John Shewan, who chairs the Fonterra Shareholde...
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