Dairy product prices drop to lowest since December 2012
ECONOMY Dairy product prices fell to the lowest level since December 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and anhydrous milk fat.… Full Story →
A2 Milk shares bounce from 15-month low on Chinese licence; Synlait still waiting
Shares in A2 Milk Co jumped 9.8 percent from a 15-month low on news the milk marketer has won Chinese regulatory approval to export its a2 Platinum infant formula.… Full Story →
TPP risks a weaker global trading system, says ex-WTO head
The Trans-Pacific Partnership is a step backwards to the days before the World Trade Organisation when the the US and Europe controlled the global trading system to the detriment of developing economies, says a former director-general of the WTO, Supachai Panitchpakdi of Thailand.… Full Story →
BusinessNZ supportive of Greens’ Innovation policy
ELECTION Commenting on Green Party policy released today, BusinessNZ Chief Executive Phil O’Reilly said innovation and sustainability were needed in every sector of the economy, not just some, and business would favour policies that supported those goals if fiscally prudent.… Full Story →
Labour’s David Shearer leverages 4.2% rise in power prices to spruik NZ Power proposal
ELECTION Today’s CPI gives the lie to Simon Bridge’s claim that power prices only rose by 2.3 % in the last year.… Full Story →
Sliding dairy prices undermine Fonterra forecasts, may crimp NZ growth
Prices of dairy products may extend this year’s 34 percent slump, economists say, adding to pressure on Fonterra Cooperative Group to lower its milk payout forecast and taking some of the steam out of New Zealand’s economic expansion.… Full Story →
Bites
- MARKET CLOSE: NZ stocks mixed; A2 Milk gains on China licence, Diligent drops
- NZ dollar slips before US CPI as OCR review looms
- Regulator’s draft view on monopoly networks would be $33M a year win for consumers
- Moa boosts first quarter sales, expects higher margins to drive profits
- NZ dollar slips as investors weigh competing tensions ahead of RBNZ decision