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UPDATE: Fonterra considers options, including appeal, after losing supply contract case
(Adds Fonterra reaction to judgment) By Fiona Rotherham Dec. 1 (BusinessDesk) - Fonterra Cooperative Group is considering its options, including an appeal, after losing a High Court case taken by former suppliers to the failed New Zealand Dairies milk processing plant at St...
MARKET CLOSE: NZ shares rise as Trade Me gains, F&P reaches record; A2 Milk falls
By Sophie Boot Dec. 1 (BusinessDesk) - New Zealand shares rose as Trade Me Group extended its gains and Fisher & Paykel Healthcare reached a record high, while A2 Milk fell. The S&P/NZX50 index rose 50.5 points, or 0.83 percent, to an all-time high of 6150.69. Within the in...
Australian central bank keeps easing bias in place, cites drop in mining spending
By Jonathan Underhill Dec. 1 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged for a seventh straight month while retaining its easing bias, noting the economy was growing at a moderate pace, keeping inflation under control, in the face of a "large de...
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