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The New Zealand dollar may extend its gains this week on rallying equity markets, offshore demand for yield and a favourable outlook for the local economy. The kiwi dollar recently traded at 84.53 US cents and earlier rose to 84.92 cents. It may trade in a range of 83.50 cents to 85.50 cents this week with a bias to the …

New Zealand commodity prices rose for a sixth straight month in January led by increasing pelt prices, though the strength of the kiwi dollar ate into the benefits for local producers. The ANZ Commodity Price Index rose 0.3 percent last month to a 10-month high 272.6. In local currency terms, the index fell 0.5 percent to 177.2, its second monthly …

A Timaru High Court hearing set for May on whether Aorangi Securities or the Hubbards own $60 million of disputed assets is key to whether investors in the failed group get most of their money back or only a third of the funds, the statutory managers say. The Aorangi investors have so far received 15 cents in the dollar, or …

The chief executive of state-owned coal miner Solid Energy, Don Elder, is to follow most of the company’s previous board of directors and hundreds of staff out the door, announcing his resignation after 12 years in the post. Elder’s departure had been likely ever since last August, when he announced a shock $40 million loss in the year to June …

Tru-Test Group, the agri-tech group that ranked 16th on the TIN100 survey of the country’s top research and technology firms, has bought milk storage and refrigeration firm Dairy Technology Services from local manufacturer NDA Group for $73 million. The Auckland-based company bought the company after raising $5.4 million in a two-for-nine renounceable rights issue at 96 cents apiece, which it …

Satara Cooperative Group, the Te Puke-based kiwifruit and avocado company, may post a full-year loss before tax after an asset revaluation review found it had double-counted its cool stores. The company would reduce the value of land, buildings and plant by $5 million to $33.4 million if it takes all the adjustments in the 2012 year, it said in a …

Optimism rules on the world’s largest economy. Last week’s slew of reports underpinned the cautiously upbeat outlook for the US, even though one showed an unexpected contraction in American GDP in the fourth quarter. On Friday, data showed that US payrolls rose 157,000 in January, with a substantially revised 196,000 gain in the prior month and a 247,000 climb in …

The New Zealand dollar gained against the greenback and reached a five-and-a-half year high on a trade-weighted basis as improving US employment figures underpinned a rally on Wall Street and stoked investors’ appetite for higher-yielding assets. The kiwi was unchanged at 84.53 US cents at 8am in Wellington from the close of trading on Friday in New York, and up …

“Parents feel the pinch of tainted milk” was the headline over this opinion article by China Daily editor-at-large Bai Ping over the weekend. It gives an insight into the lengths Chinese parents go to ensure safe foods for their babies and young children. “Although I’ve been coping with the incessant stranglehold of smog on Beijing with considerable calm, recent reports …

China’s Ministry of Health announced on its website that the China Food  Safety Risk Assessment Center has organized setting up detection methods and took samples tests for DCD. write my essays Wu Yongning, chief expert of China Food Safety Risk Assessment Center told a media briefing, dicyandiamide (DCD) can  prevent nitrogen loss and can prevent nitrogen from turning into nitrate to pollute the environment. The substance is among existing registration of fertilizer in China.Currently, there is no official limit on amount from international organizations. The Ministry said the China Food Safety Risk Assessment Center has taken timely measures to detect and test samples after media reports. The Center are consulting international experts,using the results of animal experiments, and the final results are still in process of argumentation. The State General Administration of Quality Supervision, Inspection and Quarantine earlier said it that it would continue to pay attention to and investigate the tainted New Zealand milk powder incident and asked New Zealand for risk assessment report as soon as possible. “We contacted concerned departments in New Zealand multiple times after its Ministry for Primary Industries announced on Jan 24 it had ordered to suspend the use of fertilizers containing dicyandiamide on the country’s pastures,” Fu Wenbiao, deputy director of the General Office of the General Administration of Quality Supervision,Inspection and Quarantine, said at a news conference. “We will continue to pay attention to, and investigate, the issue.” Low levels of dicyandiamide, or DCD, a low toxicity chemical, were found in dairy products produced in New Zealand. But fertilizer companies have since suspended use of DCD .