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Yili has gained OIO approval to buy Westland Milk. Photo / Supplied.

BUSINESS

Chinese dairy giant gains clearance to buy Westland Milk

16 Jul, 2019 6:35pm
3 minutes to read

The OIO approved the sale of Westland Milk to China's Yili.

More cruise ships are calling at Napier Port. Photo / Supplied

BUSINESS

Napier Port shares pitched at $2.27 to $2.60

15 Jul, 2019 3:58pm
3 minutes to read

Listing on the NZX is expected next month and could raise up to $234m.

Higher petrol prices are expected to feed into the June quarter consumers price index. Photo / NZME

BUSINESS

More interest rate cuts in store despite expected blip in June quarter inflation

15 Jul, 2019 5:00am
4 minutes to read

More official interest rate cuts are in store despite an expected lift in the quarter CPI.

Export log prices have fallen sharply after demand in China dried up. Photo / Whanganui Chronicle

BUSINESS

NZ log traders were 'intoxicated' by high China export prices - Jones

12 Jul, 2019 5:58pm
4 minutes to read

NZ export log traders got carried away with high prices, Shane Jones says.

Shares in a2 Mik have rallied sharply the back of broker upgrades. Photo / NZ Herald.

BUSINESS

A Kiwi company's value skyrocketed by $735m. Here's why

10 Jul, 2019 6:30pm
3 minutes to read

A2 Milk has rallied sharply has analysts adopted a more positive outlook on the stock.

NZ's log trade could take six months to recover from a price slump. Photo / File

BUSINESS

NZ log export trade could take 6 months to recover after price slump

10 Jul, 2019 6:15pm
4 minutes to read

And it's unlikely prices will revisit recent highs any time soon.

Forest logging crews are expected to be laid off after a slump in log prices. Photo / NZ Herald

BUSINESS

NZ log price plunge: Why our third biggest export is in trouble

9 Jul, 2019 6:40pm
4 minutes to read

Log prices have slumped following a big change in the world market dynamic.

The number of cows in New Zealand is static or declining, Photo / File

BUSINESS

Has NZ's biggest export industry passed its peak?

6 Jul, 2019 10:55am
11 minutes to read

Cow herd has stopped rising and so have farm conversions.

Dairy Holdings says come out against the Reserve Bank's proposed changes to the amount of capital banks should hold. Photo / NZ Herald

BUSINESS

'Perfect storm': Dairy Holdings warns against bank capital changes

2 Jul, 2019 6:37pm
4 minutes to read

Dairy Holdings has warned of dire consequences if rules around bank capital change.

The Reserve Bank of Australia has cut its official interest rate. Photo / Bloomberg

BUSINESS

Aussie central bank cuts official rates to 1% record low

2 Jul, 2019 6:25pm
2 minutes to read

Australia's economy has been weighed down in part by falling house prices.

Fonterra aims to have all its packaging recyclable, compostable or re-useable by 2025. Photo / Supplied

BUSINESS

Fonterra aims for 100 per cent recyclable packaging by 2025

1 Jul, 2019 4:32pm
Quick Read

Fonterra aims to achieve its goals through a combination of investment and partnerships.

Napier Port's share float has been given the final green light. Photo / Hawke's Bay Today

BUSINESS

Napier Port IPO will help relieve congestion with new wharf - CEO

28 Jun, 2019 7:00pm
3 minutes to read

Napier Port says its share offer will help it build a much needed new wharf.

Fonterra NZMP chief operating offiier Kelvin Wickham. Photo / NZ Herald.

BUSINESS

Fonterra books $64m gain on sale of German start-up

28 Jun, 2019 5:40pm
2 minutes to read

Fonterra has sold its interest in Germany's Goodminton.

Reserve Bank Governor Adrian Orr. Photo / File

BUSINESS

RBNZ's capital proposals no game changer for banks - agency

27 Jun, 2019 6:54pm
3 minutes to read

S&P says RBNZ's capital proposals should not be a game changer for the banks.

Napier Port is set to list the NZX in August. Photo / Hawke's Bay Today.

BUSINESS

Napier Port offer due July, NZX listing in August

26 Jun, 2019 6:40pm
2 minutes to read

Napier Port is set to list on the NZX in August.

Reserve Bank Governor Adrian Orr. Photo / NZ Herald

BUSINESS

Economists see rate cut in August after RBNZ stays put on OCR

26 Jun, 2019 6:35pm
3 minutes to read

The central bank said domestic growth had slowed over the past year.

Infant formula marketer a2 Milk has welcomed China's new e-commerce rules. Photo/NZ Herald.

BUSINESS

A2 Milk welcomes China crackdown on fake products

22 Jun, 2019 5:01am
2 minutes to read

China's wants to ensure that no counterfeit product are sold via any e-commerce platforms.

Discontent is growing in the regions as more land goes to forestry, according to REINZ. Photo/NZ Herald.

BUSINESS

Rural discontent as more land goes to forestry

21 Jun, 2019 6:00pm
3 minutes to read

Discontent in the regions is growing as more land is converted to forestry.

The NZ dollar has lost its shine as interest rates continue to fall. Photo/NZ Herald.

BUSINESS

Sliding NZ dollar - how low can it go?

21 Jun, 2019 5:54pm
5 minutes to read

The NZ dollar has lost its shine, and worries about China could bring more weakness.

Westland Milk's biggest shareholder, Southern Pastures, plans to abstain in next month's vote. Photo/NZ Herald.

BUSINESS

Westland Milk's biggest shareholder to abstain on big vote

20 Jun, 2019 8:35am
2 minutes to read

Southern Pastures, Westland's biggest shareholder, plans to abstain in next month's vote.

Cannasouth founders (from left) Nic Foreman, Mark Lucas, and chairman Tony Ho. Photo/Jason Oxenham, NZ Herald.

BUSINESS

Cannasouth CEO defends IPO price as stock slides on debut

19 Jun, 2019 6:55pm
4 minutes to read

Cannasouth CEO Mark Lucas has defended the company's IPO issue price.

Former NZ Institute of Directors president Kerry McDonald. Photo / NZ Herald

BUSINESS

Fresh calls for banking inquiry after Hisco revelations

17 Jun, 2019 3:20pm
4 minutes to read

Former BNZ boss Kerry McDonald says there needs to be an inquiry into banking.

African swine fever has resulted in a big surge in meat exports to China. Photo / Supplied

BUSINESS

African swine fever provides huge boost for NZ meat exports

12 Jun, 2019 5:00am
4 minutes to read

'When China gets hungry, everybody pays attention'.

NZ Pork has stepped up its campaign against imported pork as the African swine fever continues to spread. Photo / Supplied

BUSINESS

Pork industry urges import clamp-down after another African swine outbreak

11 Jun, 2019 5:00am
4 minutes to read

NZ Pork has boosted its campaign to restrict pork imports as African swine fever bites.

Dairy NZ's latest estimate of breakeven is $5.95 per kg of milk solids. Photo / Supplied

BUSINESS

Strong milk prices, so why are things grim in rural NZ?

10 Jun, 2019 5:01am
5 minutes to read

Farmer sentiment is failing despite prospects of a strong milk price for 2019/20.

NZ Wool Services' loss has widened to $3.2m. Photo/Dannevirke News.

BUSINESS

NZ Wool Services year loss widens on loan impairment

9 Jun, 2019 10:46am
2 minutes to read

Related party loans hamper China owned NZ Wool Services.

It's time for ANZ to have another look at floating UDC - a key financier of heavy machinery and vehicles in New Zealand. Photo / Bay of Plenty Times

BUSINESS

Continuous disclosure: Bank capital plan could force UDC sale

7 Jun, 2019 5:40pm
5 minutes to read

Forsyth Barr says ANZ should have another look at floating its finance company, UDC.

Sir Ron Brierley is stepping down at the age of 81.

BUSINESS

Veteran corporate raider Sir Ron Brierley steps down from Mercantile

7 Jun, 2019 8:38am
2 minutes to read

Veteran corporate raider Sir Ron Brierley is stepping down at the age of 81.

Comvita CEO Scott Coulter is stepping down after four years in the role.

BUSINESS

Sharemarket reacts to Comvita plan, CEO departure

6 Jun, 2019 6:50pm
4 minutes to read

Comvita's share price rallied sharply after it announced plans for a revamp.

Yili has made a takeover offer for Westland Milk. Photo/Supplied.

BUSINESS

China agency urges formula makers to look abroad

6 Jun, 2019 6:27pm
5 minutes to read

China's infant formula makers have been urged to buy up overseas assets.

Outgoing Comvita CEO Scott Couilter. Photo / NZ Herald.

BUSINESS

Comvita boss to step down, review of business launched

6 Jun, 2019 10:33am
4 minutes to read

Comvita's CEO is to step down and the company has launched a review of is business.

A2 milk formed a joint venture with Fonterra to jointly market milk early this year.

BUSINESS

China's latest move spooks investors in NZ's biggest stock

5 Jun, 2019 6:56pm
5 minutes to read

Short sellers caught with plunge in a2 Milk share price but analysts unconcerned.

Still lower home mortgage rates are on the cards as NZ bond yields sink to 30 year lows. Photo/NZ Herald.

BUSINESS

Lower mortgage rates loom as NZ bond yields slump

30 May, 2019 6:22pm
3 minutes to read

NZ bond yields are at their lowest point in more than 30 years.

Craigs Investment Partners head of private wealth research Mark Lister said the budget was underwhelming from a financial markets perspective.

BUSINESS

NZ markets becalmed, post Budget

30 May, 2019 4:07pm
3 minutes to read

Labour's latest budget has not ruffled any feathers in the financial markets.

The Hawke's Bay Regional Council has approved the partial privatisation of Napier Port. Photo/File.

BUSINESS

Hawke's Bay Council gives green light to Napier Port IPO

29 May, 2019 6:00pm
3 minutes to read

The Hawke's Bay Regional Council has given the final go-ahead for the Napier Port IPO.

The world's infant formula makers face a decline in the birth rate in China - their biggest customer. Photo/NZ Herald.

BUSINESS

China's falling birth rate: What it means for infant formula makers

8 May, 2019 5:00am
6 minutes to read

Infant formula makers upbeat despite falling birth rate in China.

The exchange-traded funds are set to debut on the exchange in June. Photo / File

BUSINESS

Smartshares, Blackrock to launch new ETFs on NZX

29 Apr, 2019 5:31am
2 minutes to read

NZX and Blackrock will offer 8 new ETFs on the NZX from June.

Jacinda Ardern, Katie Milne (left) and Damien O'Connor announced the M. bovis eradication plan nearly a year ago. Photo / File

BUSINESS

Farmers shocked as MPI steps up M. bovis programme

25 Apr, 2019 5:00am
4 minutes to read

Lobby group says timing could not be worse.

Coca Cola's Nutriboost beverage, which it makes with Fonterra, was rolled out in Vietnam last week. Photo/Supplied.

BUSINESS

Fonterra, Coca Cola form beverage alliance

20 Apr, 2019 1:40pm
2 minutes to read

Fonterra has formed an alliance with Coca Cola in Asia.

Tourism Holdiings shares have nosedived after a the company issued an earnings downgrade. Photo/NZ Herald.

BUSINESS

Earnings downgrades topple NZ sharemarket from record

18 Apr, 2019 12:58pm
3 minutes to read

Tourism Holdings hit hard after lower forecast.

Fitch says NZ's banks can handle the Reserve Bank's capital proposals. Photo / File

BUSINESS

NZ's big banks can handle capital changes - Fitch

18 Apr, 2019 5:00am
2 minutes to read

The agency said the banks' should be well-positioned to meet RBNZ's capital proposals.

ASB chief economist Nick Tuffley. Photo/File.

BUSINESS

Low CPI adds weight to early rate cut from Reserve Bank

17 Apr, 2019 5:11pm
3 minutes to read

Inflation lifted by a trifling 0.1 per cent in the March quarter.

Shares in a2 Milk have rallied to another record high. Photo / File

BUSINESS

Short sellers caught as a2 Milk shares rally to record high

16 Apr, 2019 5:39pm
4 minutes to read

a2 milk's share price has soared due to strong momentum in China.

ANZ Bank chief economist Richard Yetsenga. Photo/Dean Purcell, NZ Herald.

BUSINESS

World economy on shaky ground as scepticism grows

13 Apr, 2019 12:18pm
7 minutes to read

Rarely has there been a more interesting time to be an economist.

The share market has nearly doubled in value in five years, but something's missing. Photo/File.

BUSINESS

Sharemarket nears 10,000 points, but something's missing

11 Apr, 2019 12:05pm
3 minutes to read

The NZX-50 is nearing 10,000 points, but something is missing.

Napier Port's new wharf costs have escalated. Photo/File.

BUSINESS

Napier Port's wharf cost estimate rises to $170-$190m

10 Apr, 2019 4:33pm
2 minutes to read

About half of that cost was for the construction of the new wharf.

Mark Talbot, a former executive of NZX-listed tech company VMob, now Plexure. Photo / File

BUSINESS

Former executive to pay $150,000 for insider trading

9 Apr, 2019 6:01pm
4 minutes to read

He has been barred from acting as a director or manager of a listed business for 5 years.

There have been strong concerns about a growing divide between New Zealand and China. Photo/Getty Images.

BUSINESS

NZ-China relations good for now, but Huawei risk remains

8 Apr, 2019 12:42pm
5 minutes to read

Relations between the two countries have improved but risks remain.

High debt has taken its toll on NZ and Australian dairy co-ops. Photo/Supplied.

BUSINESS

Capital punishment: High debt weighs down dairy co-ops

5 Apr, 2019 5:00am
11 minutes to read

High debt has taken its toll on NZ and Australian dairy co-ops.

BUSINESS

Rate cuts loom after Reserve Bank changes tack

27 Mar, 2019 7:13pm
3 minutes to read

Economists are factoring in rate cuts after the Reserve Bank changed its tack.

The Hawke's Bay Regional Council has created a vehicle for the proposed flaot of Napier Port. Photo/Hawke's Bay Today.

BUSINESS

HBRC approves protections before proposed Napier Port float

27 Mar, 2019 2:27pm
3 minutes to read

The Hawke's Bay Regional Council created a vehicle for the proposed Napier Port float.

Reserve Bank Governor Adrian Orr. Photo / Getty Images

BUSINESS

Kiwi dollar's 'savage' fall as Reserve Bank gets gloomy on NZ economy

27 Mar, 2019 1:20pm
3 minutes to read

The Reserve Bank has kept its official cash rate on hold at 1.75 per cent.

10-year government bonds traded at their lowest point since the market was formed in 1985. Photo / File

BUSINESS

NZ Govt bond yields sink to record lows as global fears mount

26 Mar, 2019 4:28pm
3 minutes to read

10-year government bonds traded at their lowest point since the market was formed in 1985.

The Hawke's Bay Regional Council is set to vote on the mechanism wil be used for the proposed partial float of shares in Napier Port. Photo/Hawke's Bay Today.

BUSINESS

Napier Port float a step closer with HBRC vote

26 Mar, 2019 5:00am
3 minutes to read

HBRC is set to vote on the platform to be used for the Napier Port float.

Fonterra chief executive Miles Hurrell. Photo/NZ Herald.

BUSINESS

Winds of change sweep through Fonterra

22 Mar, 2019 10:22am
4 minutes to read

The winds of change are sweeping through Fonterra.

Fonterra chairman John Monaghan and chief executive Miles Hurrell. Phot/NZ Herald.

BUSINESS

Debt-laden Fonterra faces uphill battle

21 Mar, 2019 5:00am
4 minutes to read

Fonterra faces an uphill battle in the second half.

Westland Milk farmers are set to reap if windfall if the deal with Yili goes ahead. Photo / File

BUSINESS

Yili-Westland Milk deal - What the average farmer will get

20 Mar, 2019 5:00am
3 minutes to read

The average Westland Milk farmer looks set to reap a windfall.

The deal proposes the company to be sold for $3.41 per share. Photo/Getty Images.

BUSINESS

Low dairy payouts drove Westland Milk to sell to China's Yili

19 Mar, 2019 8:18am
4 minutes to read

The conditional deal will see the company sold at $3.41 per share.

Leon Clement, chief executive of Synlait Milk. Photo/NZ Herald.

BUSINESS

Synlait Milk tipped to whip up creamy first-half result

19 Mar, 2019 5:00am
3 minutes to read

The share market expects to see a strong first half result from a2 Milk this week.

NZX futures trading points to strong milk prices in the season ahead.

BUSINESS

NZX futures point to strong milk prices next season

17 Mar, 2019 4:16pm
2 minutes to read

NZX future trading has pointed to strong milk price next season.

Beingmate's share price has kicked back into life after the company reported a small profit for 2018. Photo / File

BUSINESS

China's Beingmate shares kick into life

14 Mar, 2019 5:00am
3 minutes to read

Shares in Beingmate have rallied to their highest point in more than a year.

All blacks great Dan Carter. Photo / Doug Sherring

SPORT

Carter opens up on losing $49,000-a-month French deal

12 Mar, 2019 10:00am
3 minutes to read

All Blacks great admits he doesn't "have a lot of rugby in me".