Fonterra Cooperative Group slashed its forecast 2014 dividend payment by two thirds, while keeping its targeted farmgate milk price at a record high, saying high milk powder prices haven't been matched by cheese and casein. The world's biggest dairy exporter cut its dividend forecast to 10 cents a share from 32 cents while keeping the milk price at $8.30 a …

MightyRiverPower, the first state-owned power company to be partially privatised by the government this year, plans to keep the price it charges for electricity on hold until at least April 2015, but can’t guarantee transmission and distribution prices won’t rise. The energy component of a power bill is between 50 and 60 percent of the total and the Auckland-based company …

Stocks on both sides of the Atlantic fell, pushing the Standard & Poor’s 500 Index down from a record-high close, as investors positioned themselves ahead of next week’s US Federal Reserve meeting. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.15 percent, the Standard & Poor’s 500 Index declined 0.18 percent, while the Nasdaq Composite Index …