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Dairy product prices mixed; whole milk powder rises
By Margreet Dietz July 20 (BusinessDesk) - Dairy product prices were mixed at the Global Dairy Trade auction, as a gain in whole milk powder offset a decline for most other products. The GDT price index slipped to US$2,336, down from US$2,345 at the previous auction two wee...
MARKET CLOSE: NZ shares gain, Auckland Airport, SkyCity and Moa rally while Comvita drops
By Sophie Boot July 19 (BusinessDesk) - New Zealand shares hit another record high in light turnover, with Auckland International Airport, SkyCity Entertainment Group and Moa Group gaining, while Comvita fell. The S&P/NZX 50 rose 48.88 points, or 0.7 percent, to 7.154.83. W...
NZ dollar, swap rates fall as market sees room for two RBNZ rate cuts
By Jonathan Underhill July 19 (BusinessDesk) - The New Zealand dollar dropped and swap rates fell to record lows after the Reserve Bank announced plans to extend restrictions on mortgage lending, stoking speculation it may have room to cut interest rates twice in the next eigh...
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