Tuesday , November 20 2018
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New Zealand

BNZ grows worried about ‘near-recession’ as Key talks economy up

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The Bank of New Zealand is increasingly concerned the economy is grinding to a halt following today’s confirmation in the ANZ Bank Business Outlook survey of slumping business confidence. “As each day passes, the likelihood of our alternative scenario, of an economy stumbling to near-recession, increases,” said head of research Stephen …

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Icehouse alumni Adherium gets ASX listing

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The Icehouse will tack another medal onto an already-decorated body of work this week: Adherium will become the first of the incubator’s alumni to cross the listing threshold. A digital health technology company whose focus is to addresss the sub-optimal medication use in chronic disease, Adherium is now listed on …

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Tracking the dairy fallout- 19 August

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Today’s news rings positive following several weeks of doom and gloom. This starting with the announcement that dairy product prices have increased for the first time in six months with the average winning GDT price climbing 14.8 per cent to $1,974USD. The word this morning was that the New Zealand …

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Dairy product prices increase for first time in six months

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Dairy product prices jumped in the latest GlobalDairyTrade auction, rising for the first time in nearly six months on reduced volume of whole milk powder on offer. The GDT average winning prices climbed 14.8 percent to US$1,974, up from US$1,815 at the previous auction two weeks ago. It was the …

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NZ dollar little changed as dairy product prices bounce as expected

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The New Zealand dollar was little changed after dairy product prices jumped as expected at auction overnight, as the bounce had already been priced into the local currency. The kiwi was at 65.84 US cents at 8am in Wellington, from 65.89 cents at 5pm yesterday. The trade-weighted index edged lower …

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