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NZ dollar heads of 1.2 percent  weekly drop as traders reduce high-risk bets

NZ dollar heads of 1.2 percent weekly drop as traders reduce high-risk bets

By Paul McBeth Nov. 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent fall this week as investors pare back their bets on high-risk assets, after chasing yield since September when it looked like the US Federal Reserve was reluctant to wind down its massiv...

29 Nov 2013
Fonterra spends another A$14.7 mln to lift Bega stake

Fonterra spends another A$14.7 mln to lift Bega stake

Nov. 29 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, spent another A$14.7 million to lift its stake in Australian dairy company Bega Cheese this week, paying a premium to do so. The Auckland-based company bought 3 million shares at A$4.89 ap...

29 Nov 2013
Pengxin farms post operating loss due to North Island drought

Pengxin farms post operating loss due to North Island drought

By Paul McBeth Nov. 29 (BusinessDesk) - The former Crafar family farms controversially bought by China’s Shanghai Pengxin last year reported an operating loss in their first year of new ownership due to the widespread drought last summer. Pengxin New Zealand Farm Management r...

29 Nov 2013