2015 IN REVIEW: Weak dairy, rate cuts, US strength weigh on kiwi

Tina Morrison
Mon, 21 Dec 2015

By Tina Morrison Dec. 21 (BusinessDesk) - The New Zealand dollar fell from peak levels this year as a slump in dairy prices weighed on the outlook for the country's largest export, and pushed down interest rates, while a stronger US economy lifted the greenback. The kiwi recently traded at 67.33 US cents, down from 77.97 cents at the start of the year, and from a peak of 88.35 cents in the middle of last year.  Global dairy prices have dropped below the cost of production this year as supply outweighs demand. New Zealand is the world's...
PATTRICK SMELLIE: What do the Nats do now?
Pattrick Smellie | Tue, 14 Jul 2020

Todd Muller's only job as National Party leader was to lose the election better than it seemed Simon Bridges was destined to do. Whoever replaces Muller has an even simpler task: save as much of th...

Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.