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Fonterra slapped with $150,000 fine over NZX disclosure
By Suze Metherell June 13 (BusinessDesk) - The New Zealand Markets Disciplinary Tribunal has fined Fonterra Cooperative Group $150,000 for breaching continuous disclosure requirements to the NZX during the dairy manufacturer and exporter's botulism false alarm last August....
NZ dollar soars, approaching 87 US cents, after RBNZ confirms rate hike path
By Tina Morrison June 13 (BusinessDesk) - The New Zealand dollar soared to a five-week high and is edging toward 87 US cents, after the Reserve Bank yesterday raised the benchmark interest for a third time this year and signalled plans for further hikes were intact, increasing...
While you were sleeping: US retail sales disappoint, oil up
By Margreet Dietz June 13 (BusinessDesk) - Wall Street declined as US retail sales grew less than expected while oil prices jumped amid concern that escalating violence in Iraq might threaten to destabilise the country and disrupt oil supplies. Retail sales rose 0.3 percent...
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