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Cooks widens loss, revenue falls in 2016 ahead of Chinese JV, capital raising
By Sophie Boot June 15 (BusinessDesk) - Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside of New Zealand and Australia, posted a wider net loss and lower revenue in 2016 as it wrote down the value of its Chinese assets. Sales f...
Expat Balex Marine crowdunding investors buy automatic boat loader from liquidators
By Paul McBeth June 15 (BusinessDesk) - Two expat Kiwi businessmen who participated in Balex Marine's $330,000 equity crowdfunding last year have bought the automatic boat loader's assets from the liquidator for an undisclosed sum. Liquidators were appointed to the Taurang...
NZ dollar gains as Fed sticks to script with rate hike, US CPI remains weak, NZ GDP looms
By Jonathan Underhill June 15 (BusinessDesk) - The New Zealand dollar rose after weaker-than-expected US economic data and as the Federal Reserve raised its key interest rate as expected and affirmed its track for a further hike this year. The kiwi climbed to 72.70 US cents...
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