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NZ dollar falls as G7 leaders give no official guidance on Spain, Greece
By Hannah Lynch June 6 (BusinessDesk) - The New Zealand dollar fell after the leaders of the Group of Seven nations agreed to a coordinated response to Europe’s deteriorating financial crisis, though gave no guidance on how to do so, leaving investors wary of a potential rescue...
Dairy product prices rebound from 3-year low in Fonterra’s GDT auction
June 06 (BusinessDesk) - Prices of dairy products rebounded from a three-year low as buyers returned to the market, posting their biggest gain in almost two years, led by skim milk powder and anhydrous milk fat. The GDT-TWI Price Index rose 13.5 percent compared to the last sal...
Treasury sticks by its forecasts, despite Greek deterioration
June 05 (BusinessDesk) - The Treasury is sticking by the forecasts it published in last month's Budget, saying the Greek crisis had worsened the risks of lower growth, but its "central scenario" for growth "remains valid at this stage." The comment is in the economics departmen...
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