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Sliding dairy prices undermine Fonterra forecasts, may crimp NZ growth
By Suze Metherell July 16 (BusinessDesk) - Prices of dairy products may extend this year's 34 percent slump, economists say, adding to pressure on Fonterra Cooperative Group to lower its milk payout forecast and taking some of the steam out of New Zealand's economic expansion....
UPDATE: NZ inflation steady at 0.3% in 2Q; kiwi falls as rate hikes questioned
(Adds economist comment) By Jonathan Underhill July 16 (BusinessDesk) – New Zealand inflation held steady in the second quarter compared to the first-quarter pace as gains in prices of electricity, home rentals and new houses were partly offset by cheaper package holidays,...
NZ dollar falls as Yellen deemed more upbeat, dairy prices drop
July 16 (BusinessDesk) - The New Zealand dollar fell to a week-low after Federal Reserve chair Janet Yellen was deemed to be more upbeat about US economy than she was two months ago and dairy prices tumbled in the latest GlobalDairyTrade auction. The kiwi traded at 87.69 US ce...
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