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Silver Fern Farms FY loss narrows to $28.6 mln, mulling options for sector overhaul
Nov. 18 (BusinessDesk) - Silver Fern Farms, New Zealand’s biggest meat processor and marketer, narrowed its annual loss as it deals with the “collapse” of the sheep meat market last year, and is mulling options for a sector-wide overhaul to inject some life in the industry. Th...
Chorus may not pay forecast dividends in 2014 as price controls loom
Nov. 18 (BusinessDesk) – Chorus said it may not pay its forecast dividends in 2014 after the regulator affirmed it would impose price cuts on the network company building New Zealand’s ultra-fast broadband network. Chorus had forecast dividend payments of 25.5 cents a share for...
NZ dollar gains as weaker US data, Yellen testimony weigh on greenback
By Tina Morrison Nov. 18 (BusinessDesk) – The New Zealand dollar rose as weaker data out of the US and comments by Federal Reserve nominee chair Janet Yellen increased bets the Fed won’t pull back on its stimulus programme anytime soon. The kiwi advanced to 83.45 US cents at 8a...
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