NZ dollar weakens on strong US data, trade tensions
By Rebecca Howard May 17 (BusinessDesk) - The New Zealand dollar opened weaker after stronger than expected US data gave the greenback a lift and as trade tensions continue to dampen risk appetite. The kiwi was trading at 65.37 at 8am in Wellington versus 65.51 late yesterd...
Synlait says Munchkin US FDA process on hold
By Rebecca Howard May 16 (BusinessDesk) - Synlait Milk said the registration process required to launch Munchkin Inc’s Grass Fed infant formula in the US has been put on hold to allow the company to look at other options. Synlait "has been informed that the clinical study...
New Zealand's current milk season looks good but not record breaking
By Rebecca Howard May 16 (BusinessDesk) - With just over a fortnight to go, the country's current milk season looks to have been a good - but not stellar - year for processors as dry weather at the tail end crimped production. Production was initially very strong on the b...
Rakon lifts annual earnings 10% on growing demand for telco infrastructure
By Rebecca Howard May 16 (BusinessDesk) - High-tech components maker Rakon lifted full-year earnings 10 percent, meeting guidance, as 4.5/5G telecommunications infrastructure demand continues to grow. But profits were down on last year and debt soared. Underlying earnings b...
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