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Whole milk power gains in Fonterra’s GDT auction as overall price index slips
June 20 (BusinessDesk) - Whole milk powder rose in Fonterra’s latest GlobalDairyTrade auction, even as overall prices of dairy products slipped, keeping the price index at its highest level since April 3. The GDT-TWI Price Index fell 0.5 percent compared to the last sale in ear...
MARKET CLOSE: NZ shares rise, pushing NZX 50 to month high
June 19 (BusinessDesk) - New Zealand shares rose pushing the NZX 50 index to its highest level this month, as cloud-based accounting firm Xero benefited from its inclusion in the benchmark index while Air NZ rose after announcing a new chief executive. The NZX 50 rose 24.70 poi...
NZ dollar gains after RBA says June rate cut 'finely balanced', Fed meeting looms
By Paul McBeth June 19 (BusinessDesk) - The New Zealand dollar rose after minutes from the Reserve Bank of Australia's last policy review showed its decision to cut rates was "finely balanced" and ahead of the Federal Reserve's meeting later this week. The kiwi rose to 79.31 U...
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