Monday , June 26 2017
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Business Desk

NZ manufacturing picks up again

New Zealand’s manufacturing sector returned to a minor level of expansion in October, although the sector remains in a flat state, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for October was 50.5 (a PMI reading above 50.0 indicates that manufacturing is generally …

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Huge bio-fuels opportunity for NZ from forestry – Pure Advantage

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By Pattrick Smellie New Zealand’s plantation forestry estate represents a major opportunity for New Zealand to become more self-sufficient in transport fuels, says the latest report from the Pure Advantage business lobby group seeking support for a “green growth” push in New Zealand. However, a “crisis of faith” in the forestry …

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Regime change at Solid Energy steps up

A quiet clean-out of the Solid Energy board has begun, with two resignations by directors filed with the Companies Office this week and the appointment of an experienced Australian mining expert, Neville Sneddon, to the board. Deputy chairman John Fletcher, who has served on the Solid Energy board since May …

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Agria wins extension on $10m loan to help acquire Wrightson

Livestock Improvement Corp has granted an extension to Agria on the Chinese company’s $10 million loan it used to help it take control of PGG Wrightson. “To give Agria time to source additional funds to enable repayment, the payment date for these amounts has been extended,” LIC said in a …

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Prime Minister’s business scholarships announced

Prime Minister John Key has congratulated the 14 recipients of this year’s Prime Minister’s Business Scholarships. The scholarships will allow the recipients to study at prestigious international institutions including Harvard, London Business School, and the INSEAD Business School in Singapore and France. The study programmes range from five days, to …

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Obama adviser talks sense on NZ policy mix

The National Party-led government has gained support from an unlikely quarter, with one of US president Barack Obama’s former top economic advisers, Peter Orszag, saying New Zealand is “the only country” implementing a balanced mix of stimulus and austerity policies. “For most countries it’s better to combine deficit reduction that …

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Aussie supermarket dumps Mainland, Fonterra still smiling

BusinessDesk  One of Australia’s biggest supermarket chains has dropped New Zealand’s Mainland cheese brand much to the chagrin of its loyal customers, but Mainland’s owner Fonterra Cooperative Group is still smiling after its Aussie-made Bega brand remains a Coles Supermarkets favourite. Two months after withdrawing Mainland from its cheese lineup …

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Maori Council expects Crown to fight ‘all the way’ on water rights

BusinessDesk  Jonathan Underhill The Maori Council is expecting a tough fight through the courts with the government after Prime Minister John Key ended talks with Maori over how the Mighty River Power sale could help address Maori claims to rights in freshwater resources. Felix Geiringer, a barrister representing the Maori …

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Mighty River Power shares to be discounted?

The government will sell Mighty River Power shares in the first half of 2013 though its inability to pin down Maori over water rights has left financial markets warning of a discount if investors can’t quantify Treaty of Waitangi risks. Prime Minister John Key said his cabinet today shelved the …

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