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Landcorp cuts 2015 earnings forecast on lower dairy prices
By Tina Morrison Oct. 10 (BusinessDesk) - Landcorp Farming, New Zealand's largest corporate farmer, cut its forecast for 2015 earnings for a second time, citing weaker milk prices. The state-owned farmer said it expects net operating profit of $1 million to $6 million in th...
MARKET CLOSE: NZ shares fall in global slump; Xero, Pacific Edge drop on nerves
By Suze Metherell Oct. 10 (BusinessDesk) - New Zealand shares fell in a region-wide sell off as investors fretted over global economic growth. Tech-based stocks like Xero and Pacific Edge led the decline as the market took a more cautious tone. The NZX 50 Index fell 40.898 ...
NZ dollar heads for 1.3% weekly gain vs. greenback after Fed warning
By Paul McBeth Oct. 10 (BusinessDesk) - The New Zealand dollar is heading for a 1.3 percent weekly gain against the greenback after the Federal Reserve warned a stronger US currency poses a risk to its economic recovery. The kiwi traded at 78.61 US cents at 5pm in Wellingto...
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