The New Zealand dollar dropped to a six-day low in the face of a stronger greenback following a better-than-expected employment report and after confirmation in the Federal Reserve minutes of its last meeting that it plans to continue tapering. The kiwi slid as low as 82.47 US cents following the 8am release of the Fed minutes from its meeting last …

Danone, the world's biggest yoghurt maker, has launched legal proceedings against Fonterra Cooperative Group over last year's whey protein concentrate recall and ended its existing supply contract with the New Zealand dairy exporter. The Paris-based food processing company is initiating proceedings in the New Zealand High Court and arbitration proceedings in Singapore “to bring all facts to light and to …

Wall Street was mixed as solid private jobs data heightened anticipation for the minutes of last month’s Federal Reserve meeting, scheduled to be released later today, to gauge the odds the improving labour market will accelerate the pace of tapering. In afternoon trading in New York today, the Dow Jones Industrial Average fell 0.48 percent. The Standard & Poor’s 500 …