Managers at Fonterra Cooperative Group waited days before escalating a clostridium bacteria contamination that led to a global recall up to chief executive level, according to the dairy giant’s own operational review. As a result of the review, Fonterra is to create a new role of group director of food safety and quality, answering direct to the CEO. It will …

Shares in Port of Tauranga, New Zealand’s biggest export port, dropped 3 percent to a three-week low after the company said its marshalling unit lost a major log marshalling contract starting next year. Quality Marshalling, New Zealand’s second-largest log marshalling and scaling company, lost the log marshalling contract at Mount Maunganui and Murupara, which accounts for about 60 percent of …

New Zealand’s top two world-ranked universities, Auckland and Otago, have taken sharp drops in the latest annual QS World University rankings, although Auckland remains in the top 100 at 94th. Otago’s was the most precipitous fall, dropping 22 places to 155th ranking, while Auckland dropped 11 places from 83 in last year’s survey. On the bright side, all New Zealand …