NZ 3Q inflation higher than expected but driven by one-offs
By Rebecca Howard Oct. 16 (BusinessDesk) - Higher-than-expected third-quarter inflation is unlikely to take rate cuts off the table as it was largely driven by higher petrol prices, something the Reserve Bank has said it will look through. The consumers price index rose 0.9...
NZ primary sector exports seen rising 2.5% to $43.8B in June 2019
By Rebecca Howard Oct. 15 (BusinessDesk) - New Zealand’s primary industry export revenue is forecast to reach $43.8 billion for the year to June 2019, an increase of 2.5 percent on the prior year, according to the Ministry for Primary Industries' latest Situation and Outlook r...
NZ dollar inches above 65 US cents ahead of 3Q CPI data
By Rebecca Howard Oct. 15 (BusinessDesk) - The New Zealand dollar inched back above 65 US cents, sticking to a very tight range ahead of domestic inflation data tomorrow. The kiwi traded at 65.01 US cents at 5pm from 64.98 US cents at 8am and from 65.06 cents last week. T...
ComCom wants more transparency about Fonterra's processing capacity
By Rebecca Howard Oct. 15 (BusinessDesk) - The Commerce Commission is concerned Fonterra Cooperative Group's plans to mothball processing plants are too opaque. The commission reviews the milk price manual at the start of each season to make sure Fonterra is calculating it...
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