Woolworths Group's Countdown chain of supermarkets in New Zealand says grocery prices fell at an even faster pace in the fourth quarter, although growing demand for online sales helped boost annual revenue.
New Zealand's pipfruit industry is headed for a record crop this year as it benefits from favourable growing weather, low Northern Hemisphere stocks, market changes, premium varieties, and a weaker New Zealand dollar, according to a report published today by MyFarm Investments.
Z Energy will raise as much as $125 million through a new six-year bond offer paying at least 4 percent a year, which it will use to refinance $150 million of debt that matured last week.
Finance Minister Grant Robertson says next year's review of the KiwiSaver default providers will look at ways to attract the remaining million Kiwis not in the state-sponsored scheme, but he's reluctant to make it compulsory.
The New Zealand dollar may extend gains as the prospect of US and China returning to the negotiating table soothed investors who were unsure whether a full-blown trade war would erupt.
Fonterra Cooperative Group won’t be changing its ownership structure, but is keen on bringing on partners to fund future projects, says director Scott St John. Paul McBeth reports.
Four years on from the start of New Zealand's equity crowdfunding rules, Technology columnist Richard MacManus looks at the successes and failures, along with the pros and cons.