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Methven profits fall 15pc, shares rise
Bathroom products company Methven has reported a 15.4 per cent fall in half year net profit to $4.2 million, but the result is better than forecast.
Bathroom products company Methven has reported a 15.4 per cent fall in half year net profit to $4.2 million, but the result is better than forecast.
Richard Procter, chief executive of Kiwifruit NZ, the regulator charged with ensuring that kiwifruit marketer Zespri plays by the rules, has no regrets.
The value of imports fell more quickly than the value of exports last month, but not enough to prevent a $487 million trade deficit.
Turners & Growers chair Tony Gibbs has been accused of colluding with foreign powers and undermining our trade policy in his attempt to break up the kiwifruit exporter Zespri.
Export earnings from New Zealand's petroleum sector could increase tenfold by 2025, says Gerry Brownlee.
The Trade Minister says the world will be looking to countries like New Zealand in the future, because we have natural resources in abundance.
Early signs of an economic recovery might not be as strong as many people hope, says Treasury.
The NZ dollar may keep falling this week as investors get jittery about the speed and strength of the global recovery .
The kiwifruit growers' organisation is to review how its $500,000 annual funding is sourced.
A Fonterra executive paid $3.7m when he left the dairy giant this year, was said to have been the fall guy for the disastrous investment in China's San Lu milk company.
Tourism has lost its title as the nation's biggest export earner, falling behind the dairy sector.
A departing Fonterra executive has pipped CEO Andrew Ferrier's take-home salary, receiving total payments of up to $3.72 million.
New Zealand's new Free Trade Agreement with Malaysia should be a flavour-booster for kiwifruit marketer Zespri.
John Key says the signing of a free trade deal with Malaysia is another vital move towards a "step change" for the NZ economy.
New Zealand's largest exporter, Fonterra, says it will receive no protection under planned changes to the emissions trading scheme.