Dairy product prices rose in the latest GlobalDairyTrade auction, inching higher from the lowest level since July 2012, as declines in butter milk powder and cheddar were offset by gains in rennet casein and skim milk powder. The GDT average winning price crept higher to US$2,795, up from US$2,787 two weeks ago. Some 50,801 tonnes of product was sold, down …

The New Zealand dollar advanced as investors pulled back expectations for the Federal Reserve to signal a rise in interest rates at this week’s meeting and on reports China is adding liquidity to its banks to bolster economic growth. The kiwi rose to 81.97 US cents at 8am in Wellington, from 81.61 cents at 5pm yesterday. The trade-weighted index gained to …

NZAX-listed Snakk Media is considering offering employees shares in the company as part of their remuneration package. At the annual meeting in Auckland yesterday, chairman and major shareholder Derek Handley said the board would consider extending the current Employee Share Options plan to include a mix of equity and options. That comes as the company, which helps brands find and …