Allied Farmers, which owns a livestock business and has a holding company that is selling down loans and property assets acquired from Hanover and United Finance, plans to raise as much as $1.2 million to repay debt and provide working capital. The Hawera-based company says it will raise $200,000 to $300,000 in a private placement and up to $1 million from …

Goldman Sachs New Zealand Holdings, the local unit of the New York Stock Exchange-listed investment bank, reported a 52 percent drop in revenue and a small loss for 2014, a year marked by fewer high-profile deals and more offshore advisory work. The loss was $2.87 million in calendar 2014, compared to a profit of about $16 million a year earlier, …

New Zealand’s Reserve Bank, the independent body which sets the benchmark interest rate, has appointed Conor English, the younger brother of Finance Minister Bill English, as one of its part-time external monetary policy advisers. Conor English, chairman of Agribusiness New Zealand and the former chief executive of Federated Farmers, will take up the role starting from the bank’s June monetary …