The New Zealand dollar gain as local figures showed the country’s terms of trade at a 40-year high in September and after better-than-expected Chinese manufacturing data provided some optimism for the trans-Tasman nations selling into the world’s most populous country. The kiwi rose to 81.94 US cents at 5pm in Wellington from 81.31 cents at 8am and 81.25 cents on …

The New Zealand dollar may rise this week as improving economic data strengthens the case for interest rate rises next year. The kiwi may trade between 79.80 US cents and 83.50 cents this week, according to nine currency strategists and traders surveyed by BusinessDesk. Seven expect the currency to advance while two say it may decline. The local currency recently …

Fonterra Cooperative Group chief executive Theo Spierings says months of talks with Danone over losses from the whey protein concentrate recall have failed to reach a commercial solution, suggesting the issue may end up in the courts. Danone put the cost of the Fonterra WPC 80 recall at 350 million euros when it announced its third-quarter results last month. Spierings …