Sky Network Television, New Zealand’s dominant pay television operator, will no longer resell its service through Telecom Corp., the nation’s largest phone company. The companies have agreed to end the resale agreement, which saw Sky’s television service sold in a bundle with Telecom’s phone services, the Auckland-based TV company said in a statement. Telecom customers who take the TV services …

The New Zealand dollar jumped 1 US cent overnight as investors gained back some confidence in economic growth, favouring riskier assets such as equities and higher yielding currencies. The kiwi touched a week-high of 82.25 US cents and was trading at 82.16 cents at 8am in Wellington from 80.94 cents at 5pm yesterday. The trade-weighted index advanced to 77.57 from …

Dairy product prices rose in the second GlobalDairyTrade auction in a row, led by butter and whole milk powder, while volumes continued to retreat. The GDT Price Index increased 0.5 percent from the last sale two weeks ago. The average winning price was US$5,042 a tonne from US$5,025 per tonne at the last auction. Some 35,399 tonnes of product was …