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MARKET CLOSE NZ shares gain, led by Kathmandu, F and P Healthcare; Fonterra drops
Aug 5 (BusinessDesk) – New Zealand shares rose after the kiwi dollar fell, helping companies with offshore sales including Kathmandu, Fisher & Paykel Healthcare, Fletcher Building and Mainfreight. Fonterra Shareholders’ Fund fell in the fall-out from the dairy company’s whey con...
Fonterra to come under microscope once dust settles in food scare, Key says
By Paul McBeth Aug 5 (BusinessDesk) - Fonterra Cooperative Group, the country’s biggest company, will come under the government microscope once the major issues around a food contamination scare are settled, Prime Minister John Key says. Ministers have launched an all-of-gover...
NZ dollar slides as Fonterra food scare puts exports at risk
Aug 5 (BusinessDesk) - The New Zealand dollar fell to a one month low as concerns over contamination in Fonterra Cooperative Group dairy product sparked fears over the country’s biggest export commodity. The kiwi fell as low as 76.99 US cents, trading at 77.71 cents at 5pm in W...
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