The New Zealand dollar fell to a year low as it declined along with other commodity currencies on concern about slowing growth in China and cemented that low after Fonterra Cooperative Group cut its forecast payout to farmers. The kiwi fell to 80.40 US cents after Fonterra’s 8.30am announcement, its lowest since September last year. The dairy exporter cut the …

Health-care stocks including Medtronic fell after the US Treasury Department said it plans to rein in corporate tax inversions. A corporate inversion is a transaction in which a US-based multinational restructures so that the US parent is replaced by a foreign parent, in order to avoid US taxes. In the US, shares of Medtronic fell 3.3 percent and shares of …

SLI Systems co-founders Geoff Brash and Steve Marder were two of the initial shareholders of the search engine developer who sold some 6.8 percent of the company at the end its 16-month lock-up period at 23 percent below last year’s offer price in a placement largely made up of institutional investors. Brash, vice president of SLI’s business intelligence, halved his stake to now hold 1.2 million …