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Fonterra seeking more details over Beingmate licensing issue
By Paul McBeth June 20 (BusinessDesk) - Fonterra Cooperative Group wants more information from its Chinese partner Beingmate Baby & Child Food amid reports the infant formula firm didn't make sure product sourced from another supplier met its licensing conditions. The Spin...

MARKET CLOSE: NZ shares rise as Pushpay rebounds, Precinct gains, Sky TV drops
By Sophie Boot June 20 (BusinessDesk) - New Zealand shares rebounded from yesterday's 1.2 percent loss, led higher by Precinct Properties New Zealand and Westpac Banking Corp. The S&P/NZX 50 Index rose 42.55 points, or 0.5 percent, to 8,905.79. Within the index, 30 stocks r...

NZ dollar hovers near 69 US cents amid global trade jitters; domestic GDP looms
By Rebecca Howard June 20 (BusinessDesk) - The New Zealand dollar is hovering around 69 US cents as trade war jitters continue to ramp up but attention could shift to the domestic arena tomorrow if the first quarter gross domestic product data surprises. The kiwi traded at...