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 …

The New Zealand share market mirrored mixed fortunes across Asian markets as traders watched for the deadline to pass for resolution of the US budget impasse. The NZX50 Index was square, if slightly positive on the day, up 7.485 points, or 0.16 percent to 4,743.872, despite more stocks recording share price falls than rises. Within the index, 19 stocks rose, …

The New Zealand dollar held its gains against the greenback on speculation a prolonged US government shutdown and an more weighty debate about the debt ceiling this month will sap demand for US dollars. The kiwi traded at 83.04 US cents at 5pm in Wellington, holding its gains through the day from 82.84 cents late yesterday. The trade-weighted index was …