New Zealand dollar gains vs Aussie on weaker-than-expected Australian CPI
By Rebecca Howard Jan. 25 (BusinessDesk) - The New Zealand dollar gained strongly against the Australian dollar after fourth-quarter inflation was weaker than expected across the Tasman but was unchanged against the greenback as markets continued to adopt a wait-and-see attitu...
Fonterra moves to reassure shareholders after Beingmate slashes guidance
By Rebecca Howard Jan. 25 (BusinessDesk) - Fonterra Cooperative Group has sought to reassure shareholders after its Chinese partner Beingmate Baby and Child Food Co slashed its full-year guidance. Shenzen-listed Beingmate now expects to report a full-year net loss of 750 mi...
TPP survival tactics dominate new PM's first press conference
By Pattrick Smellie Jan. 24 (BusinessDesk) - Prime Minister Bill English's first press conference since taking over last month from John Key was dominated by questions about the potential for either a bi-lateral free trade agreement with the US or the survival of the Trans-Pac...
RESEND: NZ dollar pushes higher on US dollar profit taking as uncertainty continues
(Fixes headline) By Rebecca Howard Jan. 24 (BusinessDesk) - The New Zealand dollar continued to push higher on US dollar profit taking in the wake of US President Donald Trump's latest comments on trade and the border tax. The kiwi gained to 72.44 US cents as at 5pm in W...
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