DNZ to put pressure on rivals

By ADRIAN CHANG - BusinessDay

Fund managers say DNZ Property Fund's decision to bring its management in house ahead of a sharemarket listing will put pressure on rival listed property trusts to follow suit.

A new benchmark for oil?

Reuters

The sour grades of crude may eventually displace tried-and-true light, sweet crude to become a benchmark.

NZ sharemarket falls at close

November 20 - Close

The New Zealand sharemarket fell but outperformed other markets in Asia and proved again that it can be the source of new capital for listings.

NZ dollar lower as investors avoid risk

November 20 - Close

The New Zealand dollar finished off the lows of the session but the theme of the day was a pullback in risk appetite after global economic data failed to live up to expectations.

Agria PGG’s biggest shareholder

By JONATHAN UNDERHILL

Agria Corp will become the biggest shareholder of PGG Wrightson after the unprofitable rural services group raises a total of $249.4 million selling shares and notes to slash its debt levels.