NZ dollar near 2-week low as Trump takes hard-line stance on trade
By Paul McBeth Sept. 3 (BusinessDesk) - The New Zealand dollar traded near a two-week low as US President Donald Trump reverted to his hard-line stance on trade as North American Free Trade Agreement talks and a review into Chinese tariffs come to a close. The kiwi traded...
Fonterra cuts 2019 forecast 25 cts as US, Europe, Latin America boost supply
By Paul McBeth Aug. 31 (BusinessDesk) - Fonterra Cooperative Group has cut its forecast payout to farmers by 25 cents per kilogram of milk solids, blaming increased supply in Europe and the Americas, and appetite for dairy products in emerging markets cooling. The world's...
NZ dollar under pressure as emerging markets spook investors, local firms gloomy
By Paul McBeth Aug. 31 (BusinessDesk) - The New Zealand dollar remained under pressure as fears over emerging markets such as Argentina weighed on global investor sentiment, adding to local gloom where businesses are increasingly pessimistic. The kiwi traded at 66.45 US ce...
Minister Meka Whaitiri stood down pending probe into staffing issue
By Paul McBeth Aug. 30 (BusinessDesk) - Customs Minister Meka Whaitiri has stood aside from her portfolios while Ministerial Services investigates a staffing issue in her office. Prime Minister Jacinda Ardern today said she's accepted Whaitiri's offer to relinquish her por...
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