NZ export log prices weaken as higher kiwi dollar bites
By Tina Morrison July 24 (BusinessDesk) - New Zealand export log prices generally declined over the past month as a gain in the New Zealand dollar made the country's products less competitive. Most grades of New Zealand unpruned logs weakened by between $1-to-$3 a tonne, wi...
Warehouse shares halted pending company announcement
By Tina Morrison July 24 (BusinessDesk) - Warehouse Group, known for its flagship 'red shed' discount department stores, had its shares halted on the New Zealand stock exchange pending an announcement by the company. The Auckland-based retailer offered no further details in...
NZ migration, tourism soar to new annual records
By Tina Morrison July 21 (BusinessDesk) - New Zealand hit a new annual migration record last month as the country's appeal lures more foreigners and better prospects here mean fewer Kiwis are tempted to move overseas. The country had net migration of 72,305 in the 12 months...
NZ sees higher wool volumes at auction as stockpiles linger
By Tina Morrison July 21 (BusinessDesk) - A higher volume of wool was offered at New Zealand's latest weekly auction as stockpiles from last season come to market. Some 8,873 bales were offered at yesterday's North Island auction, 32 percent above the 6,697 bales offered at...
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