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 …

Kathmandu Holdings shares soared to an all-time high after the outdoor equipment and clothing retailer posted record annual earnings and gave an upbeat outlook, reassuring investors after a year of changeable weather. The stock jumped about 12 percent to $3.18 and traded as high as $3.22, the highest since the company listed in late 2009. Before today, analysts polled by …