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Kiwi dollar falls after RBNZ adopts easing bias, Fonterra cuts forecast payout
2016-01-29 02:30:50| Food - Topix.net
The New Zealand dollar fell as the Reserve Bank adopted a bias towards lower interest rates with cheap fuel keeping a lid on inflation and Fonterra Cooperative Group reducing its forecast payout to farmers on dismal dairy prices. The kiwi dropped to 64.44USc at 5pm in Wellington from 65.18USc at 8am and 64.77USc yesterday.
Tags: falls
dollar
cuts
forecast
Oil prices rise on hopes of production cuts
2016-01-29 01:00:00| Offshore Technology
Oil prices increased on Friday in anticipation of production cuts by major shale companies, in a bid to reduce the global supply glut.
Tags: prices
production
oil
rise
Hess, Continental Resources to Make Huge Spending Cuts in 2016
2016-01-29 00:22:09| Electronics - Topix.net
According to a release on the Hess website, the company will cut spending from 2015 by 40 percent in the wake of the struggles in oil and the global markets. "In response to the current low oil price environment, we have significantly decreased our 2016 capital and exploratory expenditures and we plan to reduce activity at all of our producing assets," Hess Chief Operating Officer Greg Hill said in a statement on their website.
Tags: make
resources
huge
spending
Federal-Mogul Powertrain cuts engine valve development time using new simulation model
2016-01-28 18:55:36| Green Car Congress
Tags: time
development
model
engine
Garland Capital Management Inc. Cuts Stake in Waste Management, Inc.
2016-01-28 10:21:56| Waste Management - Topix.net
Garland Capital Management Inc. lowered its stake in Waste Management, Inc. by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The institutional investor owned 75,300 shares of the company's stock after selling 350 shares during the period.
Tags: inc
management
capital
waste
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