All News

NZ dollar slides as Fonterra food scare puts exports at risk

NZ dollar slides as Fonterra food scare puts exports at risk

Aug 5 (BusinessDesk) - The New Zealand dollar fell to a one month low as concerns over contamination in Fonterra Cooperative Group dairy product sparked fears over the country’s biggest export commodity. The kiwi fell as low as 76.99 US cents, trading at 77.71 cents at 5pm in W...

05 Aug 2013
Fonterra’s Spierings ‘regrets stress and anxiety’ caused by whey contamination

Fonterra’s Spierings ‘regrets stress and anxiety’ caused by whey contamination

Aug. 5 (BusinessDesk) – Fonterra Cooperative Group chief executive Theo Spierings has expressed regret at a Chinese media conference for consumer anxiety caused by revelations that batches of whey protein had been contaminated. The conference was broadcast live on the Reuters l...

05 Aug 2013
NZ Dollar Outlook Kiwi may decline as gains seen overdone, Fonterra weighs on sentiment

NZ Dollar Outlook Kiwi may decline as gains seen overdone, Fonterra weighs on sentiment

By Tina Morrison Aug 5 (BusinessDesk) – The New Zealand dollar may decline this week as some traders deem its recent rise above 80 US cents as overdone and as potential damage to exports from a food contamination scare at dairy giant Fonterra Cooperative Group weighs on sentimen...

05 Aug 2013