Synlait Milk lowers forecast payout for 2016-17 season after fall in dairy prices
By Rebecca Howard June 16 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, lowered its forecast payout for its farmer suppliers the season that just ended following what it termed a "significant drop in the dairy market." The dairy company said its forecast base...
Reserve Bank tipped to stay on hold and stick to neutral bias
By Rebecca Howard June 16 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is expected to keep rates on hold at next week's review and stick firmly to a neutral stance, in particular after softer-than-expected first quarter economic growth. On Thursday, Statistics New...
NZ manufacturing activity expands in May, bodes well for 2Q GDP
By Rebecca Howard June 16 (BusinessDesk) - New Zealand's manufacturing activity expanded in May, reaching the highest value since January 2016 and boding well for second-quarter economic growth. The Bank of New Zealand-BusinessNZ performance of manufacturing index was a se...
NZ dollar dips after weak current account data, pares slide ahead of Fed
By Rebecca Howard June 14 (BusinessDesk) - The New Zealand dollar dipped against the greenback on weaker-than-expected domestic current account data but squeezed back up over the day as investors await the news from the Federal Reserve's policy meeting and local gross domestic...
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