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HiFX Morning Update, May 30 2017

Published: Tue 30 May 2017 09:11 AM
The Kiwi opens higher against all its major competitors in what was a relatively quiet night in the markets with Bank Holidays in the U.S., China and the U.K Read more...

Synlait Purchases the New Zealand Dairy Company

Published: Tue 30 May 2017 08:54 AM
Synlait Milk (NZX: SML; ASX: SM1) has today announced it has purchased 100% of the shares of The New Zealand Dairy Company (NZDC). Read more...

Synlait Forecast Milk Price $6.50 kgMS Next Season

Published: Tue 30 May 2017 08:49 AM
Synlait Milk’s (NZX: SML; ASX: SM1) forecast milk price for the 2017 / 2018 season is $6.50 kgMS, in response to increasing confidence that dairy commodity prices are stabilising. Read more...

HiFX Morning Update, May 30 2017

Published: Tue 30 May 2017 08:37 AM
The NZDUSD opens at 0.7060 (mid-rate) this morning. The Kiwi opens higher against all its major competitors in what was a relatively quiet night in the markets with Bank Holidays in the U.S., China and the U.K European Central Bank President Mario ... Read more...

NZ dollar gains vs Aussie as kiwi comes back into favour

Published: Mon 29 May 2017 08:50 PM
May 29 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart on speculation that a relatively stronger domestic economy and lack of exposure to international commodity prices such as iron ore favour the kiwi over the Aussie. Read more...

Businesses over-egg the power of corporate tax cuts

Published: Mon 29 May 2017 08:49 PM
May 29 (BusinessDesk) - Cutting New Zealand's 28 percent corporate tax rate is "not a panacea in the way business groups sometimes market it," says Prime Minister Bill English. Read more...

Alternative infrastructure financing talks making headway

Published: Mon 29 May 2017 08:47 PM
May 29 (BusinessDesk) - Efforts to find new ways for local and central government to fund the new infrastructure required to allow new housing developments to occur are progressing after "intensive negotiations" with local government in ... Read more...

MARKET CLOSE: NZ shares fall in light holiday trading

Published: Mon 29 May 2017 08:46 PM
May 29 (BusinessDesk) - New Zealand shares fell in quiet holiday trading as dual-listed banking stocks Australia and New Zealand Banking Group and Westpac Banking Corp weighed on the local market, while positive earnings spurred some buying interest in stocks ... Read more...

Metro sells iconic Ohtel to Village Accommodation Group

Published: Mon 29 May 2017 05:29 PM
Village Accommodation Group continues its growth with the acquisition of the unique and boutique Ohtel on Oriental Parade. Read more...

Volpara narrows full year net loss, contract value increases

Published: Mon 29 May 2017 04:30 PM
May 29 (BusinessDesk) - Volpara Health Technologies, the Wellington-based, ASX-listed digital health company, narrowed its annual loss and said year-on-year growth, in terms of total contract value, continues to accelerate. Read more...
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