NZ merino prices jump as Australian drought dents supply of luxury fibre
By Tina Morrison Sept. 28 (BusinessDesk) - New Zealand merino wool prices are being pushed up as drought in Australia prompt farmers across the Tasman to cull stock, reducing the amount of the fine premium wool available for sale. Eighteen-micron Merino wool, considered a b...
Hallenstein Glasson annual profit jumps 58%; shares gain
By Tina Morrison Sept. 28 (BusinessDesk) - Hallenstein Glasson Holdings confirmed annual profit rose 58 percent as expected, and said sales at Glassons and Hallenstein Brothers clothing chains lifted 7.2 percent in the first eight weeks of this financial year as the retailer f...
Stats NZ seeks public views on new law enabling wider collection of data
By Tina Morrison Sept. 27 (BusinessDesk) - Stats NZ, the country's official data agency, has released a public discussion document seeking views on an update to its 1975 governing law, which Statistics Minister James Shaw notes is no longer fit for purpose. "Legislation dat...
NZ export log market hurt by US trade war with China
By Tina Morrison Sept. 27 (BusinessDesk) - New Zealand's export log market took a hit from the trade dispute between the US and China as the declining value of the yuan crimps the buying power of the country's largest log market. The average price for New Zealand A-grade ex...
