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Steel & Tube Disappoints With 85 Percent Interim Profit Fall

Steel & Tube Disappoints With 85 Percent Interim Profit Fall
Wellington, Feb 11 NZPA - Steel & Tube Holdings Ltd, the largest distributor of steel and allied products in New Zealand, suffered an 85 percent fall in first-half profit and is signalling only a gradual improvement.

Fonterra Eyes Two More Dairy Farms In China

Fonterra Eyes Two More Dairy Farms In China
Wellington, Feb 2 NZPA - Fonterra says it wants to invest in two more dairy farm operations in China near its existing pilot farm there.

Fonterra Sales On Internet-Based Platform Reach $US1b

Fonterra Sales On Internet-Based Platform Reach $US1b
Wellington, Jan 8 NZPA - Sales on Fonterra's internet-based trading platform globalDairyTrade have reached $US1 billion ($NZ1.36b) over the 19 trading events since the system was launched in July 2008.

There A Big Dark Cloud Behind That Economic Silver Lining

There A Big Dark Cloud Behind That Economic Silver Lining
By Ian Llewellyn of NZPA Wellington, Dec 27 NZPA - The 2009 economic year ended far more brightly than it started, but the silver lining blinded many from seeing the very big dark cloud that lay behind it.

Another Wild Year For NZ Dollar

Another Wild Year For NZ Dollar
By Michael Daly of NZPA Wellington, Dec 23 NZPA - Another year, another wild ride for the New Zealand dollar. Few, if any, are happy at the fluctuations in the currency, but the limited number of possible solutions seem to face major drawbacks.

Green Shoots Wither As Synlait Calls Off $150m Share Issue

Wellington, Nov 24 NZPA - Canterbury dairy company Synlait Milk Ltd has admitted it can't get enough support from investors for its planned $150 million float.

Minister Talks Up Petroleum Earnings Potential

(Adds Brownlee quotes) Wellington, Nov 18 NZPA - Export earnings from New Zealand's petroleum sector could increase tenfold by 2025, Energy and Resources Minister Gerry Brownlee told industry representatives today.

NZ's 'Commercial Greenwash' Undermined By Its Co2 Stance - Paper

NZ's  'Commercial Greenwash' Undermined By Its Co2 Stance - Paper
Wellington, Nov 13 NZPA - A column in a leading British newspaper which accuses New Zealanders of unjustifiably trading off their "clean, green 100 percent pure" imagery doesn't make for nice reading, Green Party co-leader Russel Norman says.

Rising Housing, Dairy Prices Seen Putting Pressure On OCR

Rising Housing, Dairy Prices Seen Putting Pressure On OCR
Wellington, Nov 4 NZPA - Rising prices for houses and rents in Auckland, and for dairy products, are thought to be adding to pressure on the Reserve Bank to raise official interest rates earlier than planned.

Chinese Vice-Premier To Visit NZ From Sunday

Chinese Vice-Premier To Visit NZ From Sunday
Wellington, Oct 30 NZPA - China Vice-Premier Li Keqiang will visit New Zealand from Sunday. He would be accompanied by a 50-strong delegation and visit Christchurch, Wellington and Auckland, Deputy Prime Minister Bill English said.

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