Recent Posts

While you were sleeping: Wall Street climbs

Wall Street advanced as a report showed a gauge of US inflation was unchanged in August, which helped fuel expectations Federal Reserve policy makers might hold on to their plan to keep interest rates low for a “considerable time.” Fed policy makers began their two-day gathering on Tuesday. Fed Chair Janet Yellen, who will hold a press conference at the …

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Sean Keane: Kiwi general election enters final straight with market clearly favouring 3rd term for the government

Would-be Kiwi politician Kim Dotcom’s “moment of truth” passed with some concerning (but not unexpected) revelations about government spying activity in New Zealand. Despite the heavy press presence and the rather dramatic way in which the “evidence” was unveiled, there didn’t appear to be much that would have surprised the Prime Minister, or which will hurt him in the last …

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Dairy product prices rise from two-year low

Dairy product prices rose in the latest GlobalDairyTrade auction, inching higher from the lowest level since July 2012, as declines in butter milk powder and cheddar were offset by gains in rennet casein and skim milk powder. The GDT price index crept higher to US$2,795, up from US$2,787 two weeks ago. Some 50,801 tonnes of product was sold, down from …

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