New Zealand’s banks are in a good position and should be able to withstand pressure on the agricultural sector from weaker dairy prices, according to ratings agency Moody’s Investors Service. The credit ratings agency is in the process of updating its New Zealand Banking System Outlook annual report, which will include a slight moderation in economic growth to reflect the …

Federated Farmers president William Rolleston says progress made in the last few years on farming’s environmental impact can’t be sustained when farmers are making a loss. Speaking to the Local Government New Zealand conference today, Rolleston says if agriculture is to continue its contribution to New Zealand’s economy, it has to address the issues of productivity and environmental impact. A …

The New Zealand Venture Investment Fund, the Crown-funded start-up investor, has taken its 7.1 percent stake in ikeGPS inhouse, after Number 8 Ventures opted to distribute the shares at the end of the remote measurement tool maker’s lock-up period. The fund owns 3.5 million of the 50.1 million ikeGPS shares on issue, worth about $2.28 million at today’s price of 65 …