New Zealand shares snapped a two-day slide after Kathmandu delivered record earnings and Sky Network Television rose in continued heavier-than-average trading. Fletcher Building rose after falling from a five-year high reached last week. The NZX 50 Index, which touched a record high last week, rose 9.213 points, or 0.2 percent, to 4710.587 Within the index, 16 stocks rose, 24 rose …

The New Zealand dollar pared an earlier decline after Fonterra Cooperative Group, the nation’s biggest exporter, hiked its forecast payout to farmers for the second time in as many month The kiwi traded at 83.33 US cents at 5pm in Wellington climbing from as low as 83.11 cents earlier in the day. The currency had fallen from as much as …

Fonterra Cooperative Group, seeking to rebuild its reputation after a contamination scare that proved groundless, has hiked its forecast payout to farmers for a second time in as many months while warning earnings in the first half will be “significantly lower” than in 2013. On the eve of the release of its 2013 full-year results, Fonterra lifted its forecast payout …