Fonterra farmers take back control of director candidate selection

Reform of Fonterra's director election process followed the end of farmer-shareholder patience with board meddling in candidate selection - real or perceived, say insiders.The changes put the power to choose farmer-directors more... Source: NZ Herald Business News

By | July 15th, 2019|Business|0 Comments

'Agent Smith' infects 25 million Android devices globally through WhatsApp, Opera and SwiftKey clones

Thousands of Android users may have downloaded the 'Agent Smith' of the mobile world, and the result isn't pretty.The malicious clone apps named after Hugo Weaving's character from The Matrix, have infected up to 25 million Android... Source: NZ Herald Business News

By | July 15th, 2019|Business|0 Comments

Shares fall as China pace hits 27 year low

New Zealand shares fell, joining a downbeat day across Asia as slowing Chinese growth stoked fears that trade tensions will dent the global economy. AMP slumped after the Reserve Bank of New Zealand blocked the sale of its life insurance... Source: NZ Herald Business News

By | July 15th, 2019|Business|0 Comments

China's economy slows to 27-year low amid trade war with US

China's economy decelerated to its slowest growth rate in 27 years, partly due to a slump in exports, as Beijing and Washington remain locked in a trade war that has no end in sight.The data published Monday will likely bolster... Source: NZ Herald Business News

By | July 15th, 2019|Business|0 Comments

Napier Port sails into uncharted waters to raise more than $200m

Napier Port is sailing into new territory as it attempts to raise more than $200 million from its sale, with chief executive Todd Dawson admitting the decision to offer shares to locals first is unusual. The Port has finalised details... Source: NZ Herald Business News

By | July 15th, 2019|Business|0 Comments

Napier Port share offer pitched in a $2.27 to $2.60 range

Napier Port shares will be offered in a $2.27 to $2.60 range.The float, which will see the holding of its current owner – Hawke's Bay Regional Council – drop to 55 per cent, will raise between $204.3 million and $234.0m.The company... Source: NZ Herald Business News

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NZ Super Fund investing into a $300m hotel portfolio

The NZ Super Fund is taking the plunge into tourism, investing into a $300 million hotel portfolio which includes two properties in Auckland and one in Christchurch, with the intention of buying others.The phased investment - which... Source: NZ Herald Business News

By | July 15th, 2019|Business|0 Comments

Australian-based Pact Group receives $3 million grant for a recycled food packaging plant

The Government has given $3 million to a company to develop New Zealand's first 100 per cent recycled plastic food packaging plant. The funding comes from the Ministry of the Environment's Waste Minimisation Fund and has been given... Source: NZ Herald Business News

By | July 15th, 2019|Business|0 Comments

NZ June quarter inflation seen blipping higher on petrol price spike

Key inflation data due out tomorrow is likely show a slight uptick in prices over the June quarter due to higher petrol costs, but the underlying picture is expected to reinforce the case for at least one more cut in the Reserve Bank's... Source: NZ Herald Business News

By | July 14th, 2019|Business|0 Comments

Conservation comment: Pines death to NZ life forms

NEW Zealand has always been challenged to move from commodity mass production to targeting higher value, whether it be in agriculture, tourism or our manufacturing businesses.In this country's frantic race to deliver on a throw-away... Source: NZ Herald Business News

By | July 14th, 2019|Business|0 Comments