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NZ dollar pares gains in light trading ahead of Fed review
By Rebecca Howard March 20 (BusinessDesk) - The New Zealand dollar pared overnight gains against the greenback in thin trading as markets focus on the upcoming US Federal Reserve policy review with the Fed widely expected to lift interest rates. The kiwi fell to 72.23 US c...
Air NZ's Carter defends airline's independence after Shane Jones laments axing of routes
By Jonathan Underhill March 20 (BusinessDesk) - Air New Zealand chair Tony Carter said he has written to Minister of Finance Grant Robertson to underline the airline's independence from the Crown after Regional Economic Development Minister Shane Jones lamented its decision to...
Fonterra tipped to lift milk price forecast on 'balanced' global dairy markets
By Rebecca Howard March 20 (BusinessDesk) - Nathan Penny, senior rural economist at ASB Bank, expects Fonterra Cooperative Group to lift its 2017/18 milk price forecast to $6.50/kg or above from the $6.40/kg set back in December when it reports its first-half results tomorrow....