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 …

Genesis Energy shares will list on April 17 at $1.55 a share, at the high end of the value range of $1.35 to $1.65 a share nominated for the sale of up to 49 percent of New Zealand’s largest electricity and gas retailer by customer numbers. The issue price was announced this evening at the Beehive by Finance and State-Owned …