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MARKET CLOSE: NZ shares gain, led by Stride Property, A2 Milk ahead of Fed rate announcement
By Sophie Boot Sept. 19 (BusinessDesk) - New Zealand shares rose as some investors rummaged for bargains left over from last week's sell-off, with decisions on interest rates in the United States and Japan expected to dominate trading this week. Stride Property, A2 Milk Co, an...
NZ dollar recovers some ground after Friday's sell-off as risk appetite revives
By Jonathan Underhill Sept. 19 (BusinessDesk) - The New Zealand dollar recovered some ground from Friday's sell-off as investors regained some of their risk appetite and resumed the hunt for yield. The kiwi traded at 72.97 US cents as at 5pm in Wellington, up from as low as...
NZ Farming Systems Uruguay to cut ties with NZ, posts biggest loss since Olam took control
By Jonathan Underhill Sept. 19 (BusinessDesk) - NZ Farming Systems Uruguay, set up by New Zealand investors in 2006, is to cut ties with the country after delivering its biggest-ever loss to owner Olam International of Singapore. Olam has retained a New Zealand registration...
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