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MARKET CLOSE: NZX 50 rises to a record; led by Ebos on positive guidance
By Suze Metherell Oct. 31 (BusinessDesk) - New Zealand shares rose to a record led by Ebos Group amid optimist about its prospects in Australia as it signalled a 10 percent boost to first quarter trading. Steel & Tube and Fletcher Building were boosted by rising building conse...
China lifts ban on Fonterra whey powders introduced after botulism scare
By Fiona Rotherham Oct. 31 (BusinessDesk) - Chinese authorities have lifted a temporary ban on the importation of Fonterra Cooperative Group's whey powder and dairy base powder used in the manufacture of infant formula that has been in place since August last year in the wake...
NZ dollar heads for 0.5% gain in October as traders ponder greenback strength
By Paul McBeth Oct. 31 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent monthly gain as traders question the sharp appreciation in the greenback since the end of June after an optimistic outlook from the Federal Reserve. The kiwi traded at 78.45 US cents...
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