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NZ dollar weakens after US retail sales boost greenback
By Rebecca Howard July 17 (BusinessDesk) - The New Zealand dollar pared some of its gains after stronger-than-expected US retail sales data cheered markets. The kiwi was trading at 67.01 US cents at 8am in Wellington versus 67.32 cents at 5pm. The trade-weighted index was a...
Dairy product prices gain for first time in five auctions
By Margreet Dietz July 17 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, climbing for the first time in five auctions, on stronger appetite for milk powder. The GDT price index rose 2.7 percent from the previous auction two weeks ago. The aver...
MARKET CLOSE: NZ shares fall in listless trading; power companies gain
By Paul McBeth July 16 (BusinessDesk) - New Zealand shares fell for a second day on light volumes, with heavyweights Auckland International Airport, Fisher & Paykel Healthcare and A2 Milk weighing on the broader index. Meridian Energy and Contact Energy rose as the government...
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