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Chinese interests may be close to acquiring 50 percent of Silver Fern Farms, in a deal that would increase the dominance of …
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NZ wool trades at record high amid tight supply
By Tina Morrison Sept. 4 (BusinessDesk) – New Zealand wool is trading at record high prices, pushed up by strong …
Read More »NZ firms grow gloomier about economic outlook; scale back investment, hiring plans
New Zealand firms grew even gloomier in August as falling commodity prices and a lack of inflation looks set to …
Read More »Inland Revenue seeks feedback on withholding tax on foreign property buyers
The Inland Revenue Department is proposing to introduce a withholding tax on foreign buyers of residential property from July next …
Read More »BNZ grows worried about ‘near-recession’ as Key talks economy up
The Bank of New Zealand is increasingly concerned the economy is grinding to a halt following today’s confirmation in the ANZ …
Read More »NZ dollar falls as business confidence sinks to 6-year low, US jobs data eyed
The New Zealand dollar fell after figures showed business confidence sank to a six-year low this month, stoking speculation the …
Read More »Allied Farmers annual profit sinks 88% after overhauling business, dairy weighs on livestock unit
Allied Farmers posted an 88 percent drop in annual profit after an overhaul of the business increased the firm’s tax …
Read More »Landcorp strategy of dairy investment over dividends at odds with government’s surplus goal
Landcorp Farming, which is taking on debt to convert former forestry land into dairy farms, won’t pay a dividend this year, …
Read More »NZ trade deficit smaller than expected in July on gains in fruit, meat exports
New Zealand’s trade deficit was smaller than expected in July as exports of fruit and meat drove overseas sales higher, …
Read More »SkyCity still weighing US private placement of notes after announcing bond sale
SkyCity Entertainment Group may raise more capital selling notes in the US private placement market after completing the sale of as much as $125 million of …
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