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NZ dollar falls as Fonterra cuts forecast, US tax reform seen stoking greenback repatriation
By Paul McBeth Dec. 7 (BusinessDesk) - The New Zealand dollar fell as Fonterra Cooperative Group cut its forecast farmgate payout on weak global dairy prices, while the greenback was buoyed by the prospect of major US tax reform triggering the repatriation of US dollars. T...
While you were sleeping: US Treasuries gain, Wall St mixed
By Margreet Dietz Dec. 7 (BusinessDesk) - US Treasuries rose, while Wall Street was mixed as investors eyed the latest on US tax reform plans and Brexit talks. Meanwhile, the latest US jobs data offered further evidence of strength. An ADP Research Institute report showed p...
Fonterra cuts forecast milk payout to $6.40/kgMS on falling dairy prices
By Jonathan Underhill Dec. 7 (BusinessDesk) - Fonterra Cooperative Group cut its forecast farmgate milk price citing weaker global dairy prices and increased production and skim milk stockpiles in Europe. The dairy company cut the payout forecast to $6.40 per kilogram of mi...
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