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NZ dollar hold below 71 US cents after making small gains in Asian trading
By Rebecca Howard Jan. 4 (BusinessDesk) - The New Zealand dollar was slightly higher in Asia after minutes from the latest Federal Reserve policy meeting showed the central bank remained on track to raise interest rates several times this year but uncertainties remain. The...
Pernod Ricard's Millstream unit turns to loss on goodwill impairment
By Sophie Boot Jan. 4 (BusinessDesk) - Pernod Ricard’s New Zealand unit turned to a loss in 2017 after it booked a $150 million goodwill impairment. The liquor group's Millstream Equities posted a $136.2 million loss in the year to June 30, 2017, from a $7.4 million profit...
Fonterra's likelihood of reaching forecast milk payout lifts after WMP gains, AgriHQ says
By Tina Morrison Jan. 4 (BusinessDesk) - Fonterra Cooperative Group's chances of reaching its forecast farmgate milk price for this season have lifted after whole milk powder prices improved at the latest Global Dairy Trade auction this week, AgriHQ said. The price of whol...
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