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New Zealand wine production having a Goldilocks year, says Rabobank report
By Fiona Rotherham April 21 (BusinessDesk) - Production volumes of New Zealand wine grapes this year are expected to be significantly higher than in 2015, although within a manageable range, said Rabobank’s latest quarterly wine report. “The volume of the 2016 vintage looks...
Nuplex sells Australasian pulp and paper chemicals business for A$21 mln
By Paul McBeth April 21 (BusinessDesk) - Nuplex Industries, whose shareholders will vote on whether to accept a $1.05 billion takeover offer later this year, has sold its Australasian pulp and paper chemicals business for A$21 million. The Australian unit of Delaware-based...
UDC Finance's AA- credit rating at risk of being slashed on sale prospects, S&P says
By Jonathan Underhill April 21 (BusinessDesk) - UDC Finance's AA- credit rating was placed on CreditWatch Negative by Standard & Poor's pending its potential sale by Australia & New Zealand Banking Group and the likelihood of a weaker rating as a stand-alone business. UDC c...
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