NZ dollar falls vs yen, steady vs greenback after Trump unveils tariffs on China
By Jonathan Underhill March 23 (BusinessDesk) - The New Zealand dollar fell against the yen, which was broadly stronger as US President Donald Trump's announcement of US$60 billion of tariffs on Chinese goods stoked concerns about a trade war. The kiwi dollar fell to 76.25...
Big tobacco firms clash in NZ as Philip Morris sues BAT for anti-competitive behaviour
By Jonathan Underhill March 22 (BusinessDesk) - Philip Morris (New Zealand) is suing British American Tobacco (New Zealand), alleging its larger rival is breaching competition law by locking retailers into contracts designed to preserve its dominance in a $2.5 billion market....
NZ dollar gains as Fed hikes rates, sticks to projection of two more in 2018
By Jonathan Underhill March 22 (BusinessDesk) - The New Zealand dollar rose after the US Federal Reserve hiked interest rates as expected and stuck to its projection for two more increases this year - one less some in the market had bet on. By contrast, the Reserve Bank is exp...
UPDATE: Fonterra takes $405M Beingmate charge, raises forecast milk payout
(Adds analyst comment, updates Shareholders' Fund unit price) By Jonathan Underhill and Nikki Mandow March 21 (BusinessDesk) - Fonterra Cooperative Group wrote down the value of its Beingmate Baby & Child Food investment by $405 million, calling the performance of its Chin...
Prev
