China’s Bright Food Group, a cornerstone stake in local processor Synlait Milk, is likely to get a boost from Fonterra Cooperative Group’s food scare and might get a credit rating upgrade from Moody’s Investors Service. Fonterra is the biggest milk powder supplier into China with about 60 percent market share, and last week’s food safety scare is seen as credit …

The New Zealand dollar rose against the Australian dollar as investors look ahead to reports today which may show the Australian economy is weakening, increasing the likelihood of further interest rate cuts. The kiwi advanced to 87.50 Australian cents at 8am in Wellington from 87.32 cents at the 5pm market close in Wellington yesterday. The local currency slipped to 80.01 …

Wall Street slipped as a report showed Japan’s economic growth fell short of expectations, adding to lacklustre data closer to home. Japan’s gross domestic product grew at an annualised 2.6 percent in the second quarter, after expanding a revised 3.8 percent in the previous three months. To be sure, some say it was not all bad news. “Headline GDP was …