Signs Fonterra may have to cut payout
The risks are mounting against Fonterra holding its current forecast milk payout and this week’s GlobalDairyTrade auction could be yet another nail in its coffin.
Business podcast: Trouble at Kaitaia’s mill
In this week’s Two Cents’ Worth podcast, we look at the zombie town problem, the gig economy, Ecostore’s export success on Singles Day and Vector’s future after Michael Stiassny.
Draining the swamp kauri swamp
A Supreme Court judgment says exporting rough sawn slabs of indigenous timber and lightly carved logs is illegal.
Dairy product prices slide
Dairy product prices slid at the Global Dairy Trade auction, led by a drop in whole milk powder as the outlook for ample supply weighed on demand.
Aussie ratification pushes CPTPP deal across the line
The updated Trans-Pacific Partnership pact will come into effect next month after Australia’s ratification pushed the deal across the minimum threshold.
Parker praises CPTPP ‘insurance’
Long-running trade deal will take effect before end of 2018, with Australia providing the final sign-off needed.
South Port to maintain dividend
South Port New Zealand reiterated plans to maintain its dividend this year, even as earnings are squeezed by increased spending to repair and replace ageing assets.
Higher oil costs drive record monthly trade deficit
Fuel and crude oil imports drove the largest-ever monthly goods trade deficit in September and the widest annual deficit in more than nine years.