Recent Posts

MARKET CLOSE NZ stocks weak, but media shares jump and Fonterra units top $7

New Zealand shares fell as investors continued to take profits, foundation investors in Infratil reduced their holdings, and previously top 50 stocks prepared to leave the index. The NZX 50 fell 20.53 points, or 0.5 percent, to 3974.72. Within the index, 30 stocks fell, 11 rose and nine were unchanged. Turnover was $147.5 million. However, the newly tradable non-voting Fonterra …

Read More »

NZ dollar strong as Fed targets jobs, climbs to 4-year high vs. yen

The New Zealand dollar rose to a four-year high against the yen after the US Federal Reserve cranked up its money printing presses, heightening the appeal of countries offering high interest rates, and as Japan’s general election looks set to usher in a new government. The kiwi rose to 70.50 yen from 69.32 yen yesterday, the first time it’s climbed …

Read More »

NZ to lead global research on methane gas emissions

New Zealand is leveraging its understanding of methane emissions from farm animals to lead global research on reducing the powerful, but short-lived gas’s production. Climate Change Minister Tim Groser says the project is a workstream in a project being taken on by the newly formed Climate and Clean Air Coalition (CCAC), which New Zealand is joining. Some 34 percent of …

Read More »