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UPDATE: RBNZ's cost of waiting 'much lower' as strong kiwi, house prices pose risks
(Recasts, adds detail and comment from RBNZ, economists) By Paul McBeth June 9 (BusinessDesk) - The cost of waiting until the next monetary policy statement in August was "much lower" when viewed against the risk of cutting rates too early as the Reserve Bank weighs up a st...
Ralec avoids revealing who is funding its counter-claim against NZX
By Sophie Boot June 9 (BusinessDesk) - The former owners of the Clear Grain Exchange avoided having to reveal who is funding their counterclaim against NZX in Wellington's High Court today. NZX bought Clear for $A7 million in October 2009, with two earn-outs of A$7 million...
Weak global milk prices may rebound sooner than expected as supply meets demand, Guy says
By Tina Morrison June 9 (BusinessDesk) - Weak global milk prices may head higher sooner than expected with supply coming back into balance with demand, as farmers in New Zealand and Europe pull back production and global demand continues to grow, New Zealand Primary Industrie...
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