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New Zealand’s 2014/15 wool season ended this week with what is expected to be the smallest percentage of the clip sold through auctions in at least seven years, as more farmers were attracted to the premium prices and protection from commodity price volatility offered in private sales. The auction system’s share of wool is expected to continue to shrink. An estimated 464,000 bales are expected to come …

New Zealand shares rose as Meridian Energy and MightyRiverPower rebounded from recent lows. Diligent Corp and Fisher & Paykel Healthcare advanced as the kiwi dollar fell. The S&P/NZX 50 Index rose 22.16 points, or 0.4 percent, to 5755.45. Within the index, 25 stocks rose, 15 fell and 10 were unchanged. Turnover was $118 million. Energy companies rallied after coming under selling pressure on concern the possible closure …

The New Zealand dollar rose to a seven-month high against the euro on concern deposit holders in other weak euro-zone nations could face a Cyprus-style hit, spurring a flight of capital. The kiwi climbed to 65.58 euro cents, the highest since August last year, from 65.20 cents at 5pm in Wellington yesterday. The New Zealand dollar traded at 83.70US cents …

The New Zealand dollar is heading for a 0.3 percent weekly decline against the greenback as financial markets hang on the outcome of Greece’s debt negotiations before its 1.6 billion euro loan comes due at the end of the month. The kiwi fell to 68.86 US cents at 5pm in Wellington from 69.08 cents on Friday in New York last week. …

New Zealand’s annual trade deficit unexpectedly shrank in May as exports rose more than forecast and imports lagged predictions. The country’s trade deficit fell to $2.57 billion in the 12 months through May, according to Statistics New Zealand. That was lower than the $2.66 billion annual deficit in April and the $2.9 billion forecast by economists in a Reuters survey. For …

Mayor Len Brown and Councillors Bill Cashmore and Denise Krum led a delegation of 43 Auckland businesses to the inaugural Tripartite Economic Alliance Summit in Los Angeles. “Auckland is New Zealand’s only global city and we are fast becoming a significant innovation hub in the Asia-Pacific region. The summit gives us the chance to build our trade and economic relations; to create exciting export opportunities …

Panel discussion: Investor Guidance for Raising Money in Los Angeles Mr Bruce Stein, Principal, Westridge Consulting, LLC Mr Robert Perille, Partner, Shamrock Capital Advisors Mr Craig Cooper CCP, LLC Chance Barnett, CEO, Crowdfunder Moderator: Mr Mitchell Berman, Managing Partner Zen Media Entertainment Group People in the private equity space are miserable at the moment because they are finding valuations at …

Through no fault of their own, New Zealand (and even different parts of America) have a cartoonish view of cities in the United States. People tend to think of Los Angeles solely as Hollywood and made up of “fake” people. New Zealand companies – particularly those involved in technology, think of San Francisco or Silicon Valley as their default launchpad. …

Federated Farmers Bees, Honey Packers’ and Exporters’ Association, and National Beekeepers’ Association have all voted to proceed with plans to create a single national body for the apiculture industry. The industry bodies voted with a substantial majority to unify the industry at their respective annual meetings held after a four-day conference in Taupo, Fed Farmers said in a statement. The Apiculture Industry Unification Project’s …

The New Zealand dollar extended its recovery from a five-year low against a backdrop of increasingly investor concern about the negotiations between Greece and its international creditors. The kiwi rose to 69.15 US cents at 5pm in Wellington from 68.86 cents at 8am and 68.53 cents yesterday. It advanced to 61.70 euro cents from 61.32 cents yesterday. Greece has just five days to …