Fonterra shares plunge
Fonterra Fund shares have dropped by 62 cents in early trading as markets digest the impact of the contamination scare on our biggest exporter.
Fonterra Fund shares have dropped by 62 cents in early trading as markets digest the impact of the contamination scare on our biggest exporter.
Fonterra's unit price is likely to take a hit this morning and the New Zealand dollar has already fallen to a month low.
Worried parents are flooding an infant formula company's hotline, amid revelations almost 68,000 cans of formula could be tainted with a botulism-causing bacterium.
The NZ dollar has dropped a cent and a half in reaction to Fonterra's announcement.
"One dirty pipe. It might have done less damage if it had exploded," writes Liam Dann.
The Australian sharemarket is expected to start the week slowly today but should pick up after the release of key data.
Share traders are being replaced by maths geniuses who use supercomputers to beat the markets. But are the "quants" a force for good or evil?
When politicians talk about making the labour market more flexible, it means ensuring that the demand and supply of labour determines the wage rate. writes Peter Lyons.
Cynotech Holdings' chairman Allan Hawkins says the company was put into liquidation to protect "everybody's interests".
Kiwi winemakers are often toasted for punching above their weight but what do foreigners really think of our vintages?
New Zealand's lucrative reputation for high-quality dairy produce continues to get a battering from the Chinese media.
Smart political footwork by Prime Minister John Key has put the South Korean free-trade agreement back on the agenda.
Plans by the Labour Party to exclude foreign buyers from the housing market have sparked more calls for restrictions and warnings about the risk of damaging the country's relationships with its major trading partners.
New Zealand's primary-industry exports to South Korea such as dairy, meat and wine are being squeezed by tariffs imposed in the absence of a free trade agreement.
A far cry from the stinking ruins of the war-ravaged city New Zealand's war veterans saw here 60 years ago, Seoul is now an attractive destination.
As shipping companies chase profits, they're building the biggest freighters the world has ever seen.
Silver lining for some of the non-mining cities and industries as interest rates and currency decline, writes Mark Lister.
The FMA has issued a public warning against doing business with a foreign currency exchange company.