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Daily Market Report
for 22/03/2018
The Australian dollar has sunk to a multi-month low
21 Mar 2018 10:00 Business Insider Australia
The US dollar was supported by a lift in benchmark 10-year US government bond yields ahead of Wednesday's FOMC rate decision, along with soft German investor sentiment and producer price inflation data which weighed upon the euro.  more...
USD/JPY – Japanese Yen Dips as US Dollar Posts Broad Gains
21 Mar 2018 04:00 MarketPulse (blog)
The Japanese yen is lower in Monday trade. In the North American session, USD/JPY is trading at 106.44, up 0.32% on the day.  more...
QLDC and QAC sign Wanaka Airport lease
21 Mar 2018 10:08 Scoop
Queenstown Lakes District Council (QLDC) has confirmed that it has finalised the terms of a long-term lease with Queenstown Airport Corporation (QAC) for Wanaka Airport.  more...
AFT expects $5mln cash from selling hospital products
21 Mar 2018 13:20 Scoop
March 21 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, is selling its "non-core hospital products" to Fortune 500 company Baxter Healthcare in New Zealand and expects to do the same in Australia.  more...
While you were sleeping: Wall St, oil rebound
21 Mar 2018 11:00 Scoop
March 21 (BusinessDesk) - Wall Street moved higher as did oil prices, while US Treasuries declined, as the US Federal Reserve began its first two-day policy meeting chaired by Jerome Powell.  more...
UPDATE: Synlait shares jump as result allays fears
21 Mar 2018 14:32 Scoop
BusinessDesk via sendgrid.me 2:16 PM (15 minutes ago) to editor (recasts lead to include market reaction, adds broker comment in paragraph five, detail throughout)  more...
UPDATE: Fonterra takes $405M Beingmate charge
21 Mar 2018 13:22 Scoop
March 21 (BusinessDesk) - Fonterra Cooperative Group wrote down the value of its Beingmate Baby & Child Food investment by $405 million, calling the performance of its Chinese partner "unacceptable". The writedown and a $183 million settlement with ...  more...
Auckland’s Mt Smart Stadium ready for record-breaking month
21 Mar 2018 14:49 Scoop
Fresh off the back of the Vodafone Warriors opening home game win over the Gold Coast Titans, Mt Smart Stadium is being transformed into concert mode for the record-setting Ed Sheeran concerts, and will be transformed again ahead of the historic NRL double-header.  more...
Former Concur executive Murray Warner joins Serko
21 Mar 2018 17:25 Scoop
Former Concur executive Murray Warner joins Serko as John Challis steps up to global role  more...
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