Friday , April 19 2019
Informed Influential Indispensable | newzealandinc.com

New Zealand

NZ trade deficit smaller than expected in July on gains in fruit, meat exports

New Zealand’s trade deficit was smaller than expected in July as exports of fruit and meat drove overseas sales higher, and offset flat dairy export receipts. The trade deficit narrowed to $649 million in July from $943 million a year earlier, and was smaller than the $755 million shortfall predicted in a Reuters poll of economists. Exports climbed 14 percent …

Read More »

SkyCity still weighing US private placement of notes after announcing bond sale

SkyCity Entertainment Group may raise more capital selling notes in the US private placement market after completing the sale of as much as $125 million of seven-year bonds next month that it plans to use to repay bank debt. Standard & Poor’s today assigned a BBB- rating to the casino operator’s bond sale, which is to open on Sept. 3 and close on Sept. 22. That matches …

Read More »

Icehouse alumni Adherium gets ASX listing

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 the Australian Securities Exchange (ASX). On top of that, the …

Read More »

Tracking the dairy fallout- 19 August

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 dollar has remained steady as dairy prices bounce back as …

Read More »

Dairy product prices increase for first time in six months

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 first increase since the March 3 auction. Some 36,904 tonnes …

Read More »

NZ dollar little changed as dairy product prices bounce as expected

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 to 70.96 from 71.04 yesterday. Dairy product prices jumped in …

Read More »

Tatua calls for independent review of milk pricing

Milk processor Tatua Co-operative Dairy Company is calling for a full and independent review of the way milk pricing is set following concerns that inefficient milk supply and capital investments could be made under the current model. In its submission to the Commerce Commission’s government-ordered review of the Dairy Industry Restructuring Act (DIRA), the Waikato-based cooperative said it would expect any …

Read More »