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NZ shares drops to four-week low, tracking US stocks down after manufacturing activity slows
By Tina Morrison Feb. 4 (BusinessDesk) – The New Zealand sharemarket dropped to a four-week low, tracking a decline on Wall Street, after a report showed US manufacturing activity grew at the slowest pace in eight months, fuelling concern about global growth. New Zealand’s ben...
Landcorp 1H earnings soar on rising dairy income, chairman Baylis to go
By Paul McBeth Feb. 4 (BusinessDesk) - Landcorp Farming, which manages 137 farms, more than tripled first-half profit as record milk prices drove up dairy income and said earnings will hold up for the rest of the year. Separately, chairman Bill Baylis announced plans to resign f...
NZ dollar falls to three-week low against Aussie ahead of RBA meeting today
By Tina Morrison Feb. 4 (BusinessDesk) – The New Zealand dollar fell to its lowest in more than three weeks against its trans-Tasman counterpart ahead of a Reserve Bank of Australia decision on interest rates today. The kiwi touched 91.85 Australian cents early this morning, it...
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