WELLINGTON Dairy giant Fonterra Co-Operative Group Limited downgraded its forecast milk payment to farmers and said it was looking to sell its ice cream business, as the New Zealand-based firm reels from its first ever financial loss.
WELLINGTON New Zealand released a defense policy statement on Thursday calling climate change its greatest security threat and stressed the importance of the issue to the geostrategically contested Pacific region, which is seeing increased influence from China.
WELLINGTON New Zealand's top online marketplace Trade Me Group said it has received a NZ$2.56 billion ($1.8 billion) buyout proposal from a U.S. private-equity firm, trumping a rival offer and setting the stage for a possible bidding war.
WELLINGTON New Zealand Prime Minister Jacinda Ardern announced a new NZ$100 million ($69.28 million) green investment fund on Wednesday, aimed at boosting private-sector participation in a campaign to achieve zero net carbon emissions by 2050.
WELLINGTON Global dairy prices rose for the first time in six months at a fortnightly auction held early on Wednesday as lower volumes of key products were offered at the sale.
* Could prove to be temporary as NZ supply ramps up -
(Re-casts, adds analyst comment, market reaction)
WELLINGTON South Korean President Moon Jae-in said on Tuesday a visit to Seoul by North Korean leader Kim Jong Un was "a possibility" and that such a trip would help to improve Pyongyang's relationship with the United States.
PORT MORESBY Inside a Chinese-funded facility perched on a steep hill overlooking Port Moresby's sparkling harbour, Papua New Guinea's best table tennis players are honing techniques picked up months earlier on a sponsored trip to Shanghai.
WELLINGTON Huawei Technologies Co Ltd said it was seeking clarification from New Zealand after the country's intelligence agency rejected the telecommunication industry's first request to use the Chinese firm's equipment in its planned 5G mobile network.
WELLINGTON New Zealand's intelligence agency has rejected the telecom industry's first request in the country to use 5G equipment provided by China's Huawei Technologies Co Ltd [HWT.UL], citing concerns about national security.