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NZ dollar buoyed by Fonterra plans to expand capacity, form Chinese partnership
By Tina Morrison Aug. 28 (BusinessDesk) - The New Zealand dollar rose after Fonterra Cooperative Group yesterday said it would maintain its milk price forecast, expand its local processing capacity and form a partnership to help sell its products in China, New Zealand's larges...
Eyes on ECB
By Margreet Dietz Aug. 28 (BusinessDesk) - Investors flocked to a US auction of US$35 billion in five-year notes as European bond yields sank to record lows amid bets that the European Central Bank will add more stimulus in an effort to prop up the flagging euro-zone economy....
MARKET CLOSE: NZ shares rise to record as investors hunt yield, led by Pacific Edge
By Suze Metherell Aug. 27 (BusinessDesk) - New Zealand shares rose to a record as Pacific Edge won a contract with US healthcare provider Kaiser Permanente and Genesis Energy posted earnings that beat its prospectus adding to the appeal of a market that's luring investors in s...