New Zealand shares fell as investors sold tech and high-growth companies, taking advantage of recent gains to raise cash for the government’s Genesis Energy sale. Xero slipped to a three month low. A2 Milk Corp and Pacific Edge paced the decline. The NZX 50 Index fell 48.061 points, or 0.9 percent, to 5075.840. Within the index, 29 stocks fell, 12 …

The New Zealand dollar was little changed as investors prepare for minutes to the latest US Federal Reserve policy review and Australian employment figures later in the week. The kiwi traded at 85.93 US cents at 5pm in Wellington from 85.81 cents at 8am and 85.97 cents on Friday in New York. The trade-weighted index rose to 80.31 from 80.03 at the New York close. Traders …

Fonterra Cooperative Group, the country’s biggest company, was fined $300,000 for breaches of the Animal Products Act during last year’s whey protein concentrate incident. Judge Peter Hobbs fined Fonterra $60,000 for three separate charges and $120,000 for a fourth charge in the Wellington District Court. The judge took a starting point of $375,000, before mitigating factors including Fonterra’s early guilty …