![NZ dollar slumps to lowest level in six years](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar slumps to lowest level in six years
The New Zealand dollar slumped to its lowest level in six years as equities sank amid concerns about global growth.
The New Zealand dollar slumped to its lowest level in six years as equities sank amid concerns about global growth.
The New Zealand dollar slumped to its lowest level in six years after billions of dollars were wiped from financial markets in the US, Europe and Asia.
New Zealand shares dropped yesterday in a global selloff after weak Chinese manufacturing data added to concern about the world's second-largest economy.
The dollar rose as traders delayed their expectations for US interest rate hikes, broadly weakening the greenback.
If Australia's initiative works well enough, this country should be quick to follow suit.
Trade Minister Tim Groser says Southeast Asia is New Zealand's "number one insurance policy".
The country is not convinced a deal would have plenty of upside, writes Fran O'Sullivan.
DairyNZ chairman John Luxton says it some TPP players are seeking to maintain trade protection rather than reduce it.
The dollar jumped after US Fed minutes pushed out expectations for a US interest rate hike, damping greenback demand.
Foreign Minister Murray McCully ought to stand aside while the Auditor-General conducts her inquiry into the Saudi sheep deal.
Wholemilk powder prices rallied by 19.1 per cent at this morning's GlobalDairyTrade auction.
The dollar was little changed after dairy product prices jumped as expected at auction overnight.
We were heading into the global financial crisis but the fire of the dragon's breath kept us warm in the international financial storm.
The NZ dollar rose ahead of tonight's GlobalDairyTrade auction amid expectations whole milk powder prices may gain.
Prime Minister John Key has downplayed concerns about the sale of large tracts of productive land to foreign buyers, saying the trend was not "alarming".
Having made their money in a one-party state, Chinese companies are facing culture shock as they deal with democracies.
Labour MP Stuart Nash has dismissed criticism of him by senior minister Steven Joyce for marching and speaking at an anti-TPP rally in Napier.
Japan, Canada and the US are united in pushing NZ to ditch its demands for better dairy export access to their protected markets, writes Fran O'Sullivan.
Taxpayer money will be spent on an abattoir that could be gifted to Saudi Arabia - part of a deal done partly to secure a free-trade deal with Gulf states.
TradeMe Group has launched an insurance with Tower, as part of the online auction site's plan to diversify into financial services.
New Zealand told a wary United States of its involvement in a new Chinese infrastructure bank from the start and those conversations were never tense, officials say.
The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.
Reynolds Group Holdings packaging business and UCI Holdings are under pressure to cut and sustain lower operating costs after recent asset sales that reduced debt.
The NZ dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation.