Dairy prices will probably decline over the last few months of the New Zealand season as farmers ramp up milk production to benefit from record payouts. Prices generally hold up on lower volumes heading into the end of the season in May, however volumes will be higher than normal this year as farmers had favourable growing conditions in the lead-up …

Commerce Minister Craig Foss has beefed up the number of KiwiSaver default providers that members are automatically enrolled into when they sign up to the government sponsored scheme. Westpac Banking Corp, Bank of New Zealand, KiwiBank and Grosvenor Financial Services will join AMP Financial Services, Australia & New Zealand Banking Group, ASB Bank, Mercer and Fisher Funds from the start …

The New Zealand dollar soared to its highest in more than two and a half years after Reserve Bank deputy governor Grant Spencer signalled to an investment conference in Hong Kong that a higher kiwi won’t prevent the bank from future interest rate hikes. The kiwi touched 86.85 US cents overnight, and was trading at 86.72 cents at 8am in …