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Business New Zealand

  • WELLINGTON, Oct 3- International milk prices fell for the first time in two months, New Zealand's Fonterra Cooperative Group, the world's biggest dairy exporter, said on Wednesday. Fonterra is owned by about 10,500 farmers and controls around a third of the world's dairy exports, generating more than 7 percent of New Zealand's gross domestic product.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • By Mantik Kusjanto and Cecile Lefort. SYDNEY/ WELLINGTON, Oct 2- The Australian dollar slipped to one-month lows on Tuesday after the Reserve Bank of Australia cut rates to a three-year trough of 3.25 percent and left the door ajar for more easing.

  • SYDNEY/ WELLINGTON, Oct 2- The Australian dollar languished near three-week lows on Tuesday as investors waited to see if the Reserve Bank of Australia would bite the bullet and cut interest rates at its monthly policy meeting.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • WELLINGTON, Oct 2- The owners of a ship which smashed into a reef off a popular New Zealand holiday spot causing the country's worst environmental disaster in decades have reached a multi-million dollar settlement with authorities, the government said on Tuesday.

  • SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.

  • Daina Shipping, a subsidiary of Greek-based Costamare, along with its insurers agreed Tuesday to settle with New Zealand for $22.9 million for oil cleanup costs incurred so far and another $8.6 million if it doesn't remove the pieces of the wreck that still sit on the reef.

  • WELLINGTON, Oct 2- The New Zealand and Australian dollars were supported at the lower end of recent ranges on Tuesday after failing to capitalise on better risk sentiment as investors waited for a central bank rate decision. *The Aussie sits at $1.0361 from Monday's late local level of $1.0338, after traversing a $1.0332 to $1.0404 range overnight.

  • WELLINGTON, Oct 2- Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday. Link with witchcraft closes therapy clinic: A natural therapy clinic at Whanganui Hospital offering massage and traditional Maori healing has been shelved after a doctor linked it to witchcraft and wizardry.

  • Gold 1787.00 Silver 34.350 Gold 1770.69 Light Crude 92.48---------------------------------------------------------------- vernight market action with latest New York figures. NEW YORK- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan.

  • SYDNEY, Oct 1- Australian shares ended flat on Monday, giving up early gains after data showing China's manufacturing sector remained in contraction in September fuelled investor worries about weak global growth. Mining and steel maker Arrium.

  • SYDNEY, Oct 1- Australian shares finished flat on Monday, after data showing that while China's manufacturing sector had improved somewhat in September, it remained in contraction, heightening investors' worries about weak global economic growth.

  • SYDNEY/ WELLINGTON, Oct 1- The Australian dollar eased 0.3 percent to three-week lows against the U.S. dollar on Monday after China's manufacturing PMI disappointed a market already worried about global growth and Europe's debt issues.

  • Getting away from it all gets harder and harder, as cell phones and 4G devices keep us tapped into our lives. These ten getaways take up the challenge, spiriting you away from worldly cares. And we promise you won’t miss civilization one bit. Click ahead for the world’s most remote resorts!

    Getting away from it all gets harder and harder, as cell phones and 4G devices keep us tapped into our lives. These 10 getaways take up that challenge, spiriting you away from worldly cares.

  • Australian Flag

    Australia's central bank will announce an interest rate decision during Asian trading hours. Here's how to get ready.

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    New Zealand retail sales volumes grew more than expected in the December quarter, helped by spending during the Rugby World Cup, but the upbeat data did not alter expectations that interest rates will stay low for now in an uncertain global economy.

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    Earthquakes in New Zealand hit the kiwi, and bickering over Greek debt dents the euro — it's time for your Monday FX Fix.