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NZ dollar falls as fears over global growth push equities, commodities lower

NZ dollar falls as fears over global growth push equities, commodities lower

By Paul McBeth Nov. 21 (BusinessDesk) - The New Zealand dollar fell with other risk-sensitive assets as lingering US-China trade tensions keep investors nervous about the pace of global growth.  The kiwi declined to 67.99 US cents as at 8am in Wellington from 68.51 cents ye...

Paul McBeth 20 Nov 2018
Dairy product prices drop as butter and anhydrous milk fat slump

Dairy product prices drop as butter and anhydrous milk fat slump

By Margreet Dietz Nov. 21 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, spurred by slides in butter and anhydrous milk fat that were the biggest in about two years.  The GDT price index dropped 3.5 percent from the previous auction two weeks...

Margreet Dietz 20 Nov 2018
MARKET CLOSE: NZ shares fall as Fletcher slumps to 9-yr low on profit warning

MARKET CLOSE: NZ shares fall as Fletcher slumps to 9-yr low on profit warning

By Jenny Ruth Nov. 20 (BusinessDesk) - New Zealand shares fell as Fletcher Building slumped to a nine-year low after the country's biggest listed construction firm warned of weaker profit, and as growth stocks such as Pushpay Holdings followed Wall Street lower.  The S&P/NZ...

Paul McBeth 20 Nov 2018