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NZ dollar falls to 3-month low after dairy prices drop in Fonterra auction

NZ dollar falls to 3-month low after dairy prices drop in Fonterra auction

By Tina Morrison Jun. 4 (BusinessDesk) - The New Zealand dollar touched a fresh three-month low following a drop in dairy prices at Fonterra Cooperative Group's latest GlobalDairyTrade auction, making it the worst performing major currency overnight. The kiwi touched 84.15...

03 Jun 2014
While you were sleeping: Krispy Kreme melts

While you were sleeping: Krispy Kreme melts

By Margreet Dietz June 4 (BusinessDesk) - Wall Street slid from record highs as investors paused before the European Central Bank is expected to announce additional stimulus measures on Thursday and the release of the latest US jobs data on Friday. Meanwhile, shares of Kris...

03 Jun 2014
Dairy product prices drop, falling 4.2%

Dairy product prices drop, falling 4.2%

By Margreet Dietz June 4 (BusinessDesk) - Dairy product prices continued their drop to the lowest level since February 2013 in the latest GlobalDairyTrade auction, paced by rennet casein and whole milk powder. The GDT price index dropped 4.2 percent to US$3,756 a tonne, the...

03 Jun 2014