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RESEND: LIC proposes share restructure to reduce conflicts between farmers, investors
(Clarifies share status in 2nd paragraph) By Sophie Boot Feb. 9 (BusinessDesk) - Farmer-owned cooperative Livestock Improvement Corp's board has released its suggested plan to merge its two share classes in a proposal the independent adviser described as relatively complica...
MARKET CLOSE: NZ shares fall, capping 3.7% weekly decline, as rising bond yields crimp equity gains
By Paul McBeth Feb. 9 (BusinessDesk) - New Zealand shares fell, rounding out a 3.7 percent weekly decline as investors adjust to increased volatility and rising global bond yields that are undermining equity markets that have been at record highs. SkyCity Entertainment Group g...
NZ dollar holds gains ahead of US funding bill, seen losing ground on 'rate-hiking' Fed
By Jonathan Underhill Feb. 9 (BusinessDesk) - The New Zealand dollar held onto some of its gains, having weakened yesterday after the Reserve Bank kept rates on hold as traders await the progress of a bipartisan funding bill in the US to keep the federal government open. Th...
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