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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...
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...
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...
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