NZ Super Fund takes stake in Australian beef stud in first offshore farm investment
By Rebecca Howard Oct. 4 (BusinessDesk) - The New Zealand Superannuation Fund has made its first offshore farm investment, taking a stake in Australian beef stud Palgrove for an undisclosed amount. The deal, which has received approval from the Australian Foreign Investmen...
Fonterra's payout may be at risk after global dairy prices undershoot
By Rebecca Howard Oct. 4 (BusinessDesk) - Dairy prices undershot expectations in the overnight auction and some economists say it points to weaker demand and stronger supply, threatening Fonterra Cooperative Group's forecast payout. The NZX Dairy Derivatives market pointed...
NZ commodity prices rise 0.8% in September in first monthly gain since June
By Rebecca Howard Oct. 4 (BusinessDesk) - New Zealand commodity prices rose in September for the first time since June with all of the six major groups lifting on the month. The ANZ Commodity Price index increased to 295.4 in September from 293.2 in August, up 0.8 percent...
NZ dollar falls with Aussie dollar after RBA keeps rates steady
By Rebecca Howard Oct. 3 (BusinessDesk) - The New Zealand dollar fell against the greenback in tandem with the Australian dollar after the Reserve Bank of Australia kept rates steady and offered no hints any rate increases were on the horizon. The kiwi was at 71.62 US cent...
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