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NZ dollar gains as China rejects currency manipulation claim

Article – BusinessDesk

Aug. 22 (BusinessDesk) – The New Zealand dollar gained as Chinese authorities rejected assertions from US President Donald Trump that the world’s most populous nation was manipulating its currency. Read more »

Dairy product prices slide, led by butter

Article – BusinessDesk

Aug. 22 (BusinessDesk) – Dairy product prices declined at the Global Dairy Trade auction, as whole milk powder and butter fell amid expectations of ample supply. Read more »

O’Connor dials back PGP criticism after review

Article – BusinessDesk

Aug. 21 (BusinessDesk) – Agriculture Minister Damien O’Connor has changed his tune on primary growth partnerships after a review into the initiative found them “a worthwhile public investment”. Read more »

MARKET CLOSE: NZ shares at fresh high, Vector, A2 gain

Article – BusinessDesk

Aug. 21 (BusinessDesk) – New Zealand shares inched to a fresh record ahead of tomorrow’s bumper results day, led higher by Vector and A2 Milk Co. Read more »

NZ dollar benefits from USD weakness after Trump complains

Article – BusinessDesk

Aug. 21 (BusinessDesk) – The New Zealand dollar gained as the greenback continued to be weighed down in Asian trading by complaints US President Donald Trump made about US interest rate rises. Read more »

FlexiGroup’s NZ cards business outpaces credit growth

Article – BusinessDesk

Aug. 21 (BusinessDesk) – FlexiGroup’s New Zealand credit card unit boosted annual profit as lending growth outpaced the nation’s consumer credit expansion. Read more »

Tilt strategy still emerging – Mercury

Article – BusinessDesk

Aug. 21 (BusinessDesk) – Mercury NZ needs to participate in wind development if it is to materially benefit from the shift to renewables, but says its too early to say how its investment in Australias Tilt Renewables will play out. Read more »

Healthscope’s NZ pathology shares efficiencies with DHBs

Article – BusinessDesk

Aug. 21 (BusinessDesk) – Healthscope’s New Zealand pathology business gave up earnings growth as it shared operating efficiencies with district health boards through the re-contracting process. Read more »

Government to make new ‘red zone’ payment for uninsured

Article – BusinessDesk

Aug. 21 (BusinessDesk) – The government put an end to years of legal battles, announcing it will pay former residential red zone owners 100 percent of the 2007/08 rateable value for uninsured homes. Read more »

Port Taranaki lifts 2018 dividend on increased profit

Article – BusinessDesk

Aug. 21 (BusinessDesk) – Port Taranaki lifted net profit 14 percent in the latest financial year on increased revenue, and paid a bigger dividend to its sole shareholder, the Taranaki Regional Council. Read more »

NZ net migration continues slow in July

Article – BusinessDesk

NZ net migration continues slow in July as long-term visitors pack up and leave Read more »

Super Retail’s annual earnings boosted by online sales

Article – BusinessDesk

Aug. 21 (BusinessDesk) – ASX-listed Super Retail Group, which bought outlook equipment chain Macpac Holdings in March, says the acquisition boosted annual earnings as it lifted group profit on a surge in online sales. Read more »

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