Westland Milk lowers forecast payout on falling dairy prices
By Rebecca Howard Oct. 31 (BusinessDesk) - Westland Milk Products lowered its forecast payout for the current season by as much as 6.6 percent due to the decline in global dairy prices and butter in particular. New Zealand's third-largest dairy company now expects to pay b...
Building consents lift 5.4% in 12 months to September
By Rebecca Howard Oct. 31 (BusinessDesk) - The number of new homes consented in the 12 months to September lifted 5.4 percent as the number of new townhouses, flats, and units consented stormed higher. In the year to September, 32,548 new homes were consented nationally, St...
Govt operating deficit wider than expected in first three months of year
By Rebecca Howard Oct. 31 (BusinessDesk) - The government's operating deficit for the September quarter was wider than forecast, but Treasury said it expects this to reverse in coming months as the tax take ticks up. The operating balance before gains and losses was a $343...
NZ dollar lifted as Trump predicts great deal with China
By Rebecca Howard Oct. 30 (BusinessDesk) - The New Zealand dollar got a lift when markets were cheered after US President Donald Trump told Fox News that he predicts a "great deal" with China on trade. The kiwi traded at 65.46 US cents from 65.27 US cents at 8am and 65.32...
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