Hundreds of Auckland householders are receiving a financial boost of $335 today, in a record annual electricity dividend totalling $105 million from Auckland Energy Consumer Trust The trust is making its annual payment to more than 316,000 households, businesses, schools and community groups who are customers of power lines company Vector throughout central Auckland, Manukau and northern Papakura.  They receive the payments regardless of which power retailer they are …

The New Zealand dollar fell to a year-low after Fonterra Cooperative Group cut its forecast payout to farmers for the current season in the face of dwindling dairy prices. The decline was limited by reports Japanese Prime Minister Shinzo Abe is wary of weakness in the yen. The kiwi dollar fell as low as 80.40 US cents after the Fonterra announcement, trading …