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Shareholders Assn challenges Fletcher board to seek re-election
By Pattrick Smellie July 26 (BusinessDesk) - The board of directors of Fletcher Building has "no choice but to seek a new mandate" at the company's October annual meeting following last week's firing of chief executive Mark Adamson after the second major profit downgrade this...
Government to auction carbon credits, raise carbon price cap, reopen ETS to global market
By Pattrick Smellie July 26 (BusinessDesk) - The government is preparing to reopen the New Zealand emissions trading scheme to international carbon credits, but is signalling less willingness than in the past to rely on other countries' efforts to combat climate change because...
June trade surplus $242 million, boosted by dairy exports
By Rebecca Howard July 26 (BusinessDesk) - New Zealand reported a higher-than-expected monthly trade surplus of $242 million in June as exports were boosted by dairy sales, especially to China. The annual deficit in the year to June was $3.7 billion versus $3.8 billion in t...
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