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NZ posts first trade surplus for July month in five years as dairy prices lift
By Tina Morrison Aug. 24 (BusinessDesk) - New Zealand recorded its first trade surplus for a July month in five years as exports of milk powder, butter and cheese soared 51 percent. The country had a trade surplus of $85 million in July, which is the first surplus for the m...
Living Cell Technologies annual loss widens by a third on drug trial costs
By Rebecca Howard Aug. 24 (BusinessDesk) - Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, said its full-year loss was 33 percent wider on higher costs associated with its latest drug trials. The Melbourne-based company reported...
CBL says first-half revenue growth was encouraging, cuts guidance for FY18
By Sophie Boot Aug. 24 (BusinessDesk) - Auckland-based credit surety and financial risk insurer CBL Corp said first half revenue growth was encouraging, despite the 36 percent drop in operating profit due to increasing its insurance reserves. Last week, the company flagged...
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