NZ dollar hits new high against Aussie
The New Zealand dollar rose to a record against the Australian dollar on speculation the Reserve Bank of Australia will cut interest rates again.
The New Zealand dollar rose to a record against the Australian dollar on speculation the Reserve Bank of Australia will cut interest rates again.
When news broke of the 1080 baby formula threats, there was an immediate financial market reaction.
A partnership with Beingmate Baby & Child could begin boosting Fonterra's branded infant formula sales in China this year.
Dairy giant Fonterra will purchase an 18.8 per cent stake in Chinese infant formula maker Beingmate Baby & Child, slightly less than the 20 per cent shareholding it was aiming for.
The NZ dollar extended its gains overnight after the Reserve Bank's better-than-expected outlook for the local economy.
Despite it being only March, we've already seen 17 central banks around the world reduce interest rates this year.
The US economy continues to surge back to life, moving into territory which some economists describe as "full employment". However, Americans who are still without a job may disagree.
The sharemarket and house prices in Australia are surging and some investors are starting to use the dreaded B-word - bubble.
The January OCR review saw a shift in the bank's stance from a tightening bias to neutral.
The final countdown is under way for the European Central Bank's programme of government bond purchases, which has already fuelled a debt market rally that sent yields across the euro region to....