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MARKET CLOSE NZ shares rise for fifth session; Skellerup, Cavalier lead

New Zealand shares rose for a fifth straight session, as the local market continued to bask in its status as relatively high yielding in an economy that’s growing modestly. Skellerup Holdings and Cavalier led gainers and Fletcher Building reached a 19-month high. The NZX 50 rose 12.67 points, or 0.3 percent, to 4131.754, a new five-year high. Within the index, …

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British Foreign Secretary William Hague in NZ next week

United Kingdom Foreign Secretary William Hague will visit New Zealand next week, Foreign Affairs Minister Murray McCully announced today. “I look forward to welcoming Mr Hague to New Zealand for the second time in two years,” McCully says. McCully and Hague will hold formal bilateral talks in Auckland on Tuesday , January 15. “This is an excellent opportunity to address critical foreign …

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China’s Yashili International to set up shop in NZ with $210M milk processing operation

essays about love Yashili International Holdings, which manufactures and distributes infant milk formula products in China, is the latest Chinese company looking to invest in New Zealand, with plans to build a 1.1 billion yuan ($210 million) processing plant. The Chaozhou City, Guangdong-based company’s board signed off on a project to set up a manufacturing facility in New Zealand to …

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