The New Zealand dollar weakened on the expectation the US government’s failure to reach agreement on its budget, partially shutting down government services, will only be temporary. The kiwi slipped to 82.66 US cents at 8am in Wellington from 83.05 cents at the 5pm market close yesterday. The trade-weighted index dropped to 76.81 from 77.32 yesterday. Investors are betting fallout …

Stocks gained, while US Treasuries and gold fell, amid expectations that the US government’s partial shutdown over lawmakers’ failure to agree on a federal budget will be short-lived and the impact on the economy limited. In late afternoon trading in New York, the Dow Jones Industrial Average rose 0.40 percent, the Standard & Poor’s 500 Index climbed 0.76 percent, and …

Prices of dairy products rose in the latest GlobalDairyTrade auction, paced by whole and skim milk powder, the biggest products by volume, while overall volumes stabilised. The GDT Price Index, previously known as the GDT-TWI Price Index, rose 2.4 percent compared to the last sale two weeks ago. The average winning price was US$4,980 a tonne compared to US$4,880 a …