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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...
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...
Xero, Diligent shares rally in anticipation of joining NZX 50
June 07 (BusinessDesk) - Shares in Xero and Diligent Board Member Services rallied today after the locally-listed tech-companies were flagged as the latest entrants to the benchmark NZX 50 index. Xero climbed 4.2 percent to $4.27 valuing the company at $453.5 million while Dil...
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