Trade Minister Tim Groser heads off to Colombia this coming week to fast-track moves to open formal free trade talks with the fast-growing Latin American nation. A Colombian FTA was put on the agenda during Prime Minister John Key’s recent official visit. Groser high-lighted agricultural technology, services and niche manufacturing as the likely winners from moves to increase New Zealand’s …

MightyRiverPower shares rose 4.8 percent from their offer price in their first day of trading on the NZX as investors added to their holdings after receiving less stock than they asked for. Shares in the state-controlled power company edged up 12 cents to $2.62 from their $2.50 initial public offering price. Trading was within the offer range of $2.25 to …

Westpac Banking Corp’s New Zealand fund management arm contracted out the management of more than $650 million of its listed New Zealand stocks and property holdings to a new firm started by its employees. BT Funds Management (NZ), which has $4.6 billion of funds under management, will hand over its equity and property portfolios to Salt Funds Management, owned by …