Fonterra to divest all its coal interests by 2025

Fonterra, one of New Zealand’s biggest coal users, plans to divest all its coal interests by 2025.The co-operative has a direct investment in coal mining through its wholly-owned subsidiary, Glencoal Energy, which has mines in the…

The Weekly Dairy Report: Large areas of the country are very dry, as auction prices recognise production may fall unless rain comes soon

Tweet DAIRY More very hot days and little rain raises concerns that a long and severe drought is building, and all farmers are being urged to plan for feed shortages this summer. Most of the country is sitting 30-50mm drier than normal, and soil conditions in many areas are at moisture levels normally seen in February. Pasture growth rates are …

Patrick Watson argues that if and when you could ever pay your taxes in Bitcoin – then and only then could you call it money

Tweet By Patrick Watson* Everyone is talking about bitcoin, even people who otherwise know little about investing. That’s probably a bad sign for bitcoin. Recently, I had a conversation with my 89-year-old father. He likes reading newspapers, so this year I got him a Wall Street Journal subscription. Now he’s up on the financial news. A few weeks ago, he asked the …

The volume of homes being sold has slumped in the upper North Island, more buoyant elsewhere: REINZ

Tweet Image: ilovewhatido Media The number of homes sold throughout the country slumped to its lowest level for the month of November since 2011 last month, according to the latest figures from the Real Estate Institute of New Zealand. The REINZ recorded 6893 residential property sales last month, down 9.2% compared to the 7593 properties sold in November last year. In Auckland …