Livestock Improvement Corp, which helped China’s Agria take control of PGG Wrightson in 2011 with a $10 million loan, is now providing its chief executive to run the New Zealand rural services company. Wrightson today named LIC’s Mark Dewdney as chief executive after George Gould resigned. He will take up the position starting on July 1. He ran LIC, a …

The official May US jobs report tomorrow is the key focus for Wall Street as the guessing game about the timing of a potential downward adjustment to the Federal Reserve’s quantitative easing program remains centre stage. With the next two-day Federal Open Market Committee meeting starting on June 18, tomorrow’s government payrolls data is expected to provide direction to the …

Air New Zealand has agreed to lift its holding in Virgin Australia to about 23 percent from 19.99 percent in a series of off-market transactions and indicated it may seek to hold as much as 26 percent. New Zealand’s state-controlled airline paid about A$72 million for the shares, with the largest purchase being for 77.4 million shares at 47.68 Australian …