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2015 IN REVIEW: Year of extremes pits dairy farmers against Auckland home owners
By Paul McBeth Dec. 24 (BusinessDesk) - For New Zealand's rock-star economy, 2015 delivered a unique set of challenges - prices of the biggest export, dairy products, fell to a six-year low, house prices in the largest city of Auckland rose to an all-time high, migrants arrive...
NZ dollar weakens as traders bank profits heading into quiet holiday period
By Tina Morrison Dec. 24 (BusinessDesk) - The New Zealand dollar weakened overnight as traders who had benefited from its recent strength took profits in the absence of any data likely to push it higher heading into the Christmas holiday period. The kiwi declined to 67.86 U...
While you were sleeping: Equities rise with commodities
By Margreet Dietz Dec. 24 (BusinessDesk) - Wall Street gained as a recovery in raw materials including copper, zinc, aluminum and oil bolstered mining and energy stocks. In 12.59pm trading in New York, the Dow Jones Industrial Average gained 0.8 percent, while the Nasdaq Co...
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