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NZ economy grows 0.9 percent in 4Q as manufacturing nears eight-year high
By Paul McBeth March 20 (BusinessDesk) - New Zealand’s economy expanded in line with expectations in the final three months of 2013 as manufacturing activity neared an eight-year high, affirming the Reserve Bank’s view that accelerating growth will require higher interest rates...
Royal FrieslandCampina lifts stake in Synlait Milk to 9.999 percent buying shares at $3.85 apiece
March 20 (BusinessDesk) - Royal FrieslandCampina has lifted its stake in Synlait Milk to 9.999 percent from 7.5 percent, adding to an investment that has gained 41 percent since its NZX debut last July. The Netherlands-based cooperative bought about 3.66 million shares at $3.85...
NZ dollar drops after Fed signals US economic recovery ahead, driving greenback demand
By Tina Morrison March 20 (BusinessDesk) – The New Zealand dollar dropped almost three-quarters of a US cent after the Federal Reserve raised its projections for future US interest rates, signalling it sees recovery ahead for the world’s largest economy and spurring demand for...
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