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FMA satisfied with 'pre-offer' talks before prospectuses, sees no need for further regulation
By Jonathan Underhill July 24 (BusinessDesk) - The Financial Markets Authority sees no need to regulate how issuers and their book runners communicate with institutional investors prior to a prospectus being registered after criticism offer documents were issued too late for t...
NZ posts eighth monthly trade surplus in June
By Tina Morrison July 24 (BusinessDesk) - New Zealand posted its eighth monthly trade surplus in June, led by overseas demand for the nation’s primary products such as milk powder, frozen beef and kiwifruit. The country had a trade surplus of $247 million in June, from a re...
Sealord appoints McCain Food's Yung as new CEO
By Suze Metherell July 24 (BusinessDesk) - Sealord Group has appointed former McCain Foods boss Steve Yung as its new chief executive, replacing Graham Stuart who is leaving after seven years in charge of New Zealand's second-largest fishing company. Canadian-born Yung tak...
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