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AFT Pharmaceuticals, the Auckland-based drugs developer and reseller, wants to list in Australia and New Zealand, raising funds to speed up the development of products to sell in other countries. The company is considering an initial public offering on the NZX and ASX, hiring First NZ Capital as sole lead manager, it said in a statement, without indicating how much money it …

New Zealand manuka honey producers are seeking the same trademark protection accorded to French Champagne and Scottish Whisky after a surge in fakes that aren’t made from the nectar of Leptospermum Scoparium, the native manuka bush. The UMF Honey Association is seeking to protect the use of the name because imitations are damaging the brand at a time when demand in markets such …

Science and Innovation Minister Steven Joyce is happy with the close association the country”s seven Crown Research Institute have with their specific industries, even as their funding comes under review in the National Statement on Science Investment. Joyce launched the national policy on how the government plans to invest in science, research and development this week, unveiling a raft of …

Scott Technology, the industrial automation manufacturer, more than doubled annual profit as revenue was boosted by a weaker kiwi dollar and gains from its RobotWorx acquisition. Profit rose to $6.1 million in the 12 months ended Aug. 31 from $3 million a year earlier, the Dunedin-based firm said in a statement. Sales rose 20 percent to $72.3 million. Profit was boosted by a …

The New Zealand dollar gained after dairy prices rose at the latest GlobalDairyTrade auction, soothing concerns about the local economy and eroding expectations the Reserve Bank will cut interest rates this month. The kiwi rose to 65.41 US cents at 8am in Wellington form 64.99 cents yesterday. The trade-weighted index advanced to 70.77 from 70.51 yesterday. Prices for whole milk powder, New …

The New Zealand Superannuation Fund is actively seeking new domestic investment opportunities where it believes it has “hometown advantages” but chief executive Adrian Orr said they’re difficult to find at the scale it needs. The NZ Super Fund’s 2014/2015 report released today shows it had $4.4 billion of its $29.54 billion portfolio invested in New Zealand compared to $3.7 billion a year …

The announcement came through overnight that trade officials from New Zealand, the United States, Japan, and 9 other Pacific rim nations have agreed after years of negotiations on the largest regional trade deal in history. NZ INC. has compiled the best tweets of the web on the Trans-Pacific Partnership deal, so that you don’t have to.   Beef + Lamb New Zealand …

Many concerns raised previously about TPP are not reflected in the final agreement. For example, consumers will not pay more for subsidised medicines as a result of TPP and the PHARMAC model will not change. Prime Minister John Key has welcomed the successful conclusion of negotiations over the Trans-Pacific Partnership Agreement – New Zealand’s biggest free trade agreement. “This agreement …

Twelve Pacific Rim nations have reached a deal on the controversial Trans-Pacific Partnership in the American city of Atlanta, ending more than five years of negotiations to create the largest trade and investment pact since the Uruguay Round of the GATT trade agreement 20 years ago. However, New Zealand has barely prised open the door for dairy exports to the highly …

Dear TPP Welcome to New Zealand – I hope you jump the final hurdles. Those of us who have a positive approach to global commercial and cultural interaction, to sowing the seeds of free trade and economic empowerment, and who understand that, when the world doesn’t work in silos, it works better and us Kiwis actually get to work……..well, we’re …