Need to know: Tuesday, May 27

Last updated 08:22 27/05/2014

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Synlait Milk profit right on target Business welcomes continuity of National 'Market-friendly' election boosts kiwi Election relief for power companies Finance and business diary Ryman establishes itself in Australia Weaker dollar helps boating industry Sharper fashions in Postie's future Economic reform on agenda Property shortages pushing up prices

What you need to know on Tuesday morning, May 27

- NZX50 closed Monday up 3 points (0.06 per cent) to 5154

- NZ dollar at US85.53 cents, A92.59c, 87.15 yen, 50.79p, €62.69c

- Brent crude oil at US$110.39 a barrel

- Spot gold at US$1291.90 an ounce

What's on today

- Infratil's shares go ex-dividend today, paying 7c a share on June 16.

- Millenium and Copthorne Hotels New Zealand hold their AGM this morning. The accommodation chain has seen its share price slide 15 per cent this year, and presently sit at 62c.

-Residential developer CDL Investments New Zealand also hold their AGM today.

Top international news

- Decisive victory in the Ukrainian presidential race by chocolate magnate Petro Poroshenko helped calm Asian markets which had been watching the rocky situation in the country's south and east with concern.

The win by billionaire Poroshenko, who achieved 55 per cent of the vote, was by a sufficient margin to not require a run-off vote with rival Yulia Tymoshenko who got only 13 per cent.

The decisive result added a degree of certainty to the tumultuous region, which has seen Russia annex Crimea and a wave of violent separatist protests in Ukraine's east.

The news helped depress gold and oil prices, and lifted stocks in Russia 1 per cent.

Something else for your morning

- A $15,000 fine given to a Marlborough farm worker for not wearing a quad bike helmet was excessive, but sent a message to farmers that standards had to improve, Waikato Federated Farmers president Chris Lewis says.

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