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Dairy product prices extend slide, falling 2.6 percent to 14-month low, paced by whole milk powder
April 16 (BusinessDesk) - Dairy product prices extended their slide to a 14-month low in the latest GlobalDairyTrade auction, paced by whole milk powder, raising speculation Fonterra Cooperative Group’s forecast record milk payout may not be sustainable. The GDT price index dr...
MARKET CLOSE NZ shares rise on tech relief-rally led by Pacific Edge
By Suze Metherell April 15 (BusinessDesk) – NZ Stocks rose led by Pacific Edge as investors re-evaluate prices of tech stocks after the recent a sell-off in the sector worldwide. Xero extended its decline. The NZX 50 Index rose 12.746 points, or about 0.3 percent, to 5076.285...
ASX-listed Arowana seeks up to $234M in dual-listing NZ education unit Intueri
By Paul McBeth April 15 (BusinessDesk) - ASX-listed Arowana International wants to raise as much as $234 million in the dual-listing of its Intueri Education Group, which will establish New Zealand’s biggest private training establishment (PTE). The Australian company plans t...