
NZ dollar slips as dairy prices rise
The New Zealand dollar fell as dairy prices rose as expected in the latest GlobalDairyTrade auction.
The New Zealand dollar fell as dairy prices rose as expected in the latest GlobalDairyTrade auction.
The NZ dollar gained on expectations prices will rise in tonight's GlobalDairyTrade auction, adding to the positive story of the domestic economy.
The NZ dollar has risen to the highest level this month suggesting little risk premium has been added for the resignation of John Key.
The New Zealand dollar fell against the greenback after PM John Key said he will step down.
The kiwi dollar has dropped on the news that Prime Minister John Key is resigning.
The kiwi dollar traded at 71.18 US cents as at 8am in Wellington, from 71.40 cents in New York on Friday.
Affable markets boss fixed what was broken but didn't want to overstay his welcome.
NZ shares fell, dragged lower by A2 Milk Co on negative news from an Australian rival, while Fisher & Paykel Healthcare gained after a positive result in court.
NZX, the stock market operator, says it has settled all outstanding matters connected to the litigation by Ralec and neither party will appeal the decision.
ERoad, the logistics and fleet management company, turned to a first-half loss even as revenue rose.
Sealegs, the amphibious vehicle maker, says increased margins have helped counter soft sales in Australia and Europe.
The New Zealand dollar was little changed, having earlier risen above 71 US cents as crude oil led gains.
NZ shares were mixed as Orion Health Group plunged following its first-half results, while Sky Network Television and Contact Energy gained.
Augusta Capital has filed High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid.
OceanaGold Corp, owner of New Zealand's biggest gold mine at Macraes, is to delist from the NZX at the end of the year to reduce compliance costs.
The kiwi dollar traded at 70.35 US cents from 70.37 cents in New York on Friday.
Just over two weeks into its biggest fight against tax evasion, India's regulatory flip-flops are confusing citizens.
NZ shares rose, pushing the NZX 50 Index to a three-week high as gains in offshore equity markets helped sentiment in the domestic exchange.
The greenback extended its rally on speculation US president-elect Donald Trump will enact policies that stoke economic growth.
Unaccounted money makes up nearly a quarter of India's economy, but new measures have seen drastic consequences.
COMMENT: Why did the exchange pursue a hugely expensive, and ultimately unsuccessful, legal claim?
New Zealand shares rose as buyers came back into the market, led upwards by Auckland International Airport and Ryman Healthcare.
Last week the kiwi was under pressure against the US dollar, but this morning it is all about the earthquake.
COMMENT: Investors take a glass-half-full approach and focus on hopes spending will get US economy moving again.
NZ shares declined at the end of a volatile week that saw Donald Trump win the US presidency.
The New Zealand dollar tumbled against the yen as speculation grew that Donald Trump could win the White House.
Japanese lawmakers are revisiting a plan to build a $6.7 billion natural gas pipeline from Russia ahead of a visit by President Vladimir Putin.
New Zealand shares bounced off a four-month low, led up by Metro Performance Glass, A2 Milk Co and Z Energy, as part of an Asian rally.
BP decreased oil prices across New Zealand today with 3 cents per litre from both diesel and petrol.
A potentially drastic fall in China's reserves risks reviving last year's currency panic and further rattling world stock markets.