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While you were sleeping: Stocks, US dollar slide
By Margreet Dietz Oct. 16 (BusinessDesk) - Wall Street dropped after reports showed declines in US retail sales and producer prices, fuelling concern about the impact of the slowdown in the global economy and the effect on corporate profits. In afternoon trading in New York...
Dairy product prices rebound from five-year low
By Margreet Dietz Oct. 16 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, recovering from the lowest level in five years, as gains in anhydrous milk fat and sweet whey powder outweighed declines in rennet casein and butter milk powder. The...
SkyCity pushes out deadline for completing international convention centre
By Fiona Rotherham Oct. 15 (BusinessDesk) - SkyCity Entertainment Group has extended by nine months the deadline for completing construction of the controversial NZ International Convention Centre from the original completion date of September 2017 to mid-2018. In its lates...