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Netherlands’ Royal FrieslandCampina takes 7.5 percent stake in Synlait Milk

Netherlands’ Royal FrieslandCampina takes 7.5 percent stake in Synlait Milk

By Paul McBeth July 11 (BusinessDesk) - Royal FrieslandCampina, the Dutch dairy group which counts Fonterra boss Theo Spierings as alumni, has taken a 7.5 percent stake in Rakaia-based Synlait Milk as part of the local processor’s initial public offering. The Netherlands-base...

11 Jul 2013
NZ dollar climbs to 3-week high after Bernanke talks down QE tapering

NZ dollar climbs to 3-week high after Bernanke talks down QE tapering

By Paul McBeth July 11 (BusinessDesk) - The New Zealand dollar rose above 79 US cents for the first time in three weeks after US Federal Reserve chairman Ben Bernanke talked down the prospect of unwinding his money printing programme, sparking a sell-off in the greenback. The...

11 Jul 2013
Wellington Airport keeps 2013 returns within regulator’s guidelines, engages with carriers over fees

Wellington Airport keeps 2013 returns within regulator’s guidelines, engages with carriers over fees

By Paul McBeth July 11 (BusinessDesk) - Wellington International Airport, which was accused of price gouging by Air New Zealand, has kept its 2013 returns within the Commerce Commission’s guidelines, and has started talking to airlines over future landing fees for carriers. Th...

11 Jul 2013