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MARKET CLOSE: NZ shares rise on upbeat Australian view; Westpac, Pumpkin Patch gain

MARKET CLOSE: NZ shares rise on upbeat Australian view; Westpac, Pumpkin Patch gain

June 07 (BusinessDesk) - New Zealand shares rose, led by companies exposed to the Australian economy after strong jobs and economic growth data lifted companies that get revenue across the Tasman. Pumpkin Patch led the advance, while Westpac and ANZ Bank also gained. The NZX 50...

07 Jun 2012
NZ dollar climbs to 3-week high as Australian data stoke investor optimism

NZ dollar climbs to 3-week high as Australian data stoke investor optimism

By Paul McBeth June 07 (BusinessDesk) - The New Zealand dollar rose to a three-week high 77.14 US cents in local trading as better than expected jobs growth across the Tasman stoked investors' appetite for riskier, or higher-yielding, assets. The kiwi rose to 77.05 US cents at...

07 Jun 2012
Fonterra wins crucial change to let TAF go forward

Fonterra wins crucial change to let TAF go forward

By Pattrick Smellie June 07 (BusinessDesk) - Fonterra appears to have passed another crucial hurdle on the way to the June 25 special vote on the proposed Trading Among Farmers initiative, to create publicly investable units in the cooperative which runs New Zealand's largest g...

07 Jun 2012