New Zealand companies looking to do business in India should move beyond a mutual love of cricket and not wait for a free-trade agreement before seeking opportunities in the fast-growing Indian economy, says Sunil Kaushal, chairman of the India-New Zealand Business Council. “While much of the focus is on the prospect for a free trade agreement with India, waiting for its conclusion before acting …

Seeka Kiwifruit Industries, the country’s biggest kiwifruit grower, doesn’t expect earnings to be materially affected by a fire that destroyed a shed at its Oakside post-harvest site in Tauranga, with insurance likely to cover the costs. The fire destroyed the shed and significantly affected a coolstore containing about 250,000 trays, though more detailed investigations are underway, the Te Puke-based company …

The New Zealand dollar rose to a record against the euro ahead of a European Central Bank meeting tonight where it’s expected to detail plans for its quantitative easing programme starting this month. The kiwi hit 68.55 euro cents, and was trading at 68.46 cents at 8am in Wellington, from 67.61 cents at 5pm yesterday. The local currency advanced to …