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YEAR IN REVIEW NZ dollar’s gains vs. Aussie show diverging economies, supremacy of milk

YEAR IN REVIEW NZ dollar’s gains vs. Aussie show diverging economies, supremacy of milk

By Tina Morrison Dec. 19 (BusinessDesk) – The New Zealand dollar’s 17 percent rally against the Australian dollar this year highlights the diverging paths of the two Downunder economies, as dairy products lead continued strength in soft commodities and demand wanes for iron ore...

19 Dec 2013
Lyttelton Port to receive payments of $438.3 mln after cutting deal with insurers

Lyttelton Port to receive payments of $438.3 mln after cutting deal with insurers

Dec. 19 (BusinessDesk) - Lyttelton Port Co, the South Island’s biggest ocean trade hub, will be paid out $438.3 million plus GST by its insurers for the damage caused by the 2010/11 earthquakes after reaching a settlement with Vero, NZI and QBE. The parties agreed on a gross a...

19 Dec 2013
NZ economy grows as dairy shrugs off drought doldrums, pressure mounts for RBNZ rate hike

NZ economy grows as dairy shrugs off drought doldrums, pressure mounts for RBNZ rate hike

By Paul McBeth Dec. 19 (BusinessDesk) - New Zealand’s economy grew at its fastest quarterly pace in almost four years, led by a booming dairy sector and as companies prepare for more growth in 2014, adding to the prospects for a hike in interest rates in the first quarter. Gr...

18 Dec 2013
Airwork, last listing of 2013, gains 5 percent in NZX debut after IPO raises $37.5M

Airwork, last listing of 2013, gains 5 percent in NZX debut after IPO raises $37.5M

18 Dec 2013
NZ economy grows 1.4 percent in 3Q, beating estimates, as dairy boom drives activity

NZ economy grows 1.4 percent in 3Q, beating estimates, as dairy boom drives activity

18 Dec 2013
NZ dollar little changed after Fed starts modest tapering as NZ GDP looms

NZ dollar little changed after Fed starts modest tapering as NZ GDP looms

18 Dec 2013
Government businesses make $20M on assets worth $45B in 2012-13

Government businesses make $20M on assets worth $45B in 2012-13

18 Dec 2013
While you were sleeping Wall Street mixed before Fed

While you were sleeping Wall Street mixed before Fed

18 Dec 2013
MARKET CLOSE NZ shares drop; Fletcher, Ebos down on Australian exposure

MARKET CLOSE NZ shares drop; Fletcher, Ebos down on Australian exposure

18 Dec 2013
NZ dollar little changed as investors await Fed meeting

NZ dollar little changed as investors await Fed meeting

18 Dec 2013
YEAR IN REVIEW Regulatory risk rears head in boom year for stock sales

YEAR IN REVIEW Regulatory risk rears head in boom year for stock sales

18 Dec 2013
NZ business confidence rises to near 15-year high, suggesting a booming economy, ANZ says

NZ business confidence rises to near 15-year high, suggesting a booming economy, ANZ says

18 Dec 2013
Coca Cola loses bid to block Frucor’s PepsiCo contoured bottle

Coca Cola loses bid to block Frucor’s PepsiCo contoured bottle

18 Dec 2013
Fonterra’s South American venture with Nestle opens $45M distribution centre in Brazil

Fonterra’s South American venture with Nestle opens $45M distribution centre in Brazil

17 Dec 2013
NZ annual current account gap widens as imports rise, foreigners reap profits

NZ annual current account gap widens as imports rise, foreigners reap profits

17 Dec 2013
Summerset buys development sites in Christchurch, plans $200 mln investment

Summerset buys development sites in Christchurch, plans $200 mln investment

17 Dec 2013
Fitch gives Fonterra thumbs up over unchanged farmgate payout, dividend cut

Fitch gives Fonterra thumbs up over unchanged farmgate payout, dividend cut

17 Dec 2013
NZ dollar hovers under 93 Australian cents, touches fresh five-year high overnight

NZ dollar hovers under 93 Australian cents, touches fresh five-year high overnight

17 Dec 2013
While you were sleeping Fed meets, stocks slip

While you were sleeping Fed meets, stocks slip

17 Dec 2013
Dairy product prices rise 0.2 percent in GDT auction; casein hits record, WMP falls

Dairy product prices rise 0.2 percent in GDT auction; casein hits record, WMP falls

17 Dec 2013
MARKET CLOSE NZ shares fall; Kiwi Income drops after CBA sells stake at discount

MARKET CLOSE NZ shares fall; Kiwi Income drops after CBA sells stake at discount

17 Dec 2013
NZ dollar extends gain vs. A$ as RBA minutes, NZ govt forecasts show diverging economies

NZ dollar extends gain vs. A$ as RBA minutes, NZ govt forecasts show diverging economies

17 Dec 2013
NZ government sees economy on faster track on Christchurch rebuild, migration, commodities

NZ government sees economy on faster track on Christchurch rebuild, migration, commodities

17 Dec 2013
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