Goodman Fielder, the biggest food company in Australia and New Zealand, agreed to sell its Biscuits unit to Green’s Food Holdings for about A$17 million and will take an impairment of more than three times that amount against the business. The sale is part of the Sydney-based company’s ongoing strategy to focus on profitable, market-leading categories and brands which has …

New Zealand Oil & Gas, the nation’s largest oil explorer, has taken a 36 percent stake in a consortium to explore onshore south Sumatra, Indonesia. The consortium won a permit to explore the Palmerah Baru 1,000 square kilometre block, the Wellington-based company said in a statement. The venture plans to undertake three years of exploration including 2D and 3D seismic …

New Zealand prices for a combined package of broadband and phone services have fallen over the past two years but remain higher than the OECD average. Prices for a bundle with 60GB of data have dropped 14 percent over the period but are still 30 percent higher than the OECD average, the Commerce Commission said in its latest benchmarking report. …