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NZ dollar falls as dairy prices extend decline
By Suze Metherell July 2 (BusinessDesk) - The New Zealand dollar declined as dairy prices fell to their lowest in 18 months at Fonterra Cooperative Group's latest GlobalDairyTrade auction, raising concerns about the strength of the local economy. The kiwi slipped to 87.52 U...
Peak green body to oppose ironsands mining appeal
By Pattrick Smellie July 2 (BusinessDesk) - The Environmental Defence Society says it will join the High Court appeal being pursued by would-be ocean floor ironsands miner TransTasman Resources, which will challenge the rejection of its plans by a decision-making committee of...
ANZ cuts forecast for 2015 milk payout by 11% on falling dairy prices
By Paul McBeth July 2 (BusinessDesk) - ANZ New Zealand economists lowered their forecast for Fonterra Cooperative Group's 2015 milk payout to farmers, reflecting the continued slide as dairy prices and a kiwi dollar near three-year highs. Fonterra may cut its 2015 forecast...
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