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Dairy product prices rise 6 percent in GDT auction to highest since April
Sept. 5 (BusinessDesk) - Dairy prices rose to the highest level since early April in the latest GlobalDairyTrade sale, the third straight gain, with increases for all eight products on offer. The GDT-TWI Price Index rose 6 percent compared to the last sale two weeks ago. The av...
MARKET CLOSE NZ shares rise; Warehouse, Kathmandu gain, Tower falls
By Hannah Lynch Sept. 4 (BusinessDesk) - New Zealand shares rose paced by retailers Warehouse Group and Kathmandu. Guinness Peat Group gained after announcing it will kick off its share buyback this week and Tower dropped after reducing its guidance. The NZX 50 Index rose 6.99...
RBA’s Stevens less gloomy on resources even after iron ore price tumbles
Sept. 4 (BusinessDesk) - Reserve Bank of Australia Governor Glenn Stevens said the economy is growing “close to trend” while spending in the resources sector has increased, suggesting raw materials will help underpin the economy a while longer. The central bank kept the cash ta...
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