Uncategorized

The New Zealand dollar slipped ahead of a key US employment report later today which analysts are tipping to be better than expected, bolstering expectations the Federal Reserve will continue to pull back its monetary stimulus this year. The kiwi weakened to 82.43 US cents at 8am in Wellington from 82.57 cents at 5pm yesterday. The trade-weighted index dropped to …

A better-than-expected weekly US jobless claims report, following the solid private employers’ data released earlier this week, kept investors on edge for tomorrow’s government employment report. The clear signs of an improving US jobs market are good news for the overall picture of recovery in the world’s largest economy, yet it may also prompt the Federal Reserve to accelerate the …

New Zealand shares rose, led by Xero on optimism more investors will focus on the cloud-based accounting firm’s growth potential. Wynyard Group, another high-growth tech company, surged to a new record. The NZX 50 Index rose 35.070 points, or 0.7 percent, to 4814.874. Within the index, 21 stocks rose, 20 fell and nine were unchanged. Turnover was $95 million. Xero, …

The New Zealand dollar fell after better than US jobs figures and minutes to the last Federal Reserve policy meeting stoked optimism over the recovery in the world’s biggest economy, and fuelled expectations the US central bank may withdraw stimulus faster than anticipated. The kiwi fell to 82.54 US cents at 5pm in Wellington from 82.86 cents at 8am and …

New Zealand commodity prices rose in December, led by gains in dairy products. The ANZ Commodity Price Index advanced 1 percent to 330.4 from November, touching its second highest level on record. The index is about 22 percent above December 2012. International prices for 10 of New Zealand’s main commodities increased in the month, three fell and four were unchanged. …

New Zealand building consents issued by local councils for new homes rose 11 percent in November, boosted by apartment developments. New dwelling consents, including apartments, rose to a seasonally adjusted 2,267 in November from 1,891 in October, according to Statistics New Zealand. Excluding apartments, seasonally adjusted consents fell 0.5 percent. Last month, New Zealand’s Reserve Bank exempted new home building …

Fonterra Cooperative Group, the world’s biggest dairy exporter, will “vigorously defend” a claim by French food processor Danone over last year’s recall of whey protein concentrate. best essay writing services The Auckland-based company is working through Danone’s claim after negotiations for a commercial settlement failed. The French company will file papers in the High Court in Auckland today and has …

The New Zealand dollar dropped to a six-day low in the face of a stronger greenback following a better-than-expected employment report and after confirmation in the Federal Reserve minutes of its last meeting that it plans to continue tapering. The kiwi slid as low as 82.47 US cents following the 8am release of the Fed minutes from its meeting last …

Danone, the world's biggest yoghurt maker, has launched legal proceedings against Fonterra Cooperative Group over last year's whey protein concentrate recall and ended its existing supply contract with the New Zealand dairy exporter. The Paris-based food processing company is initiating proceedings in the New Zealand High Court and arbitration proceedings in Singapore “to bring all facts to light and to …

Wall Street was mixed as solid private jobs data heightened anticipation for the minutes of last month’s Federal Reserve meeting, scheduled to be released later today, to gauge the odds the improving labour market will accelerate the pace of tapering. In afternoon trading in New York today, the Dow Jones Industrial Average fell 0.48 percent. The Standard & Poor’s 500 …