The New Zealand dollar retraced earlier gains against the euro and pound on better economic data from Europe. The kiwi fell to 60.47 euro cents from 61.43 cents at the 5pm market close in Wellington yesterday and slid to 52.20 British pence from 52.75 pence yesterday. The local currency weakened to 77.95 US cents from 78.51 cents yesterday. The New …

Wall Street was mixed as minutes from the latest Federal Open Market Committee meeting showed policy makers were looking for further strength in the US labour market before easing the central bank’s bond-buying program. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.20 percent, while the Standard & Poor’s 500 Index declined 0.09 percent to …

Fonterra Cooperative Group, the world’s biggest dairy exporter, named Lukas Paravicini as chief financial officer, replacing Jonathan Mason who retires at the end of September. Paravicini will join Fonterra in September after 22 years with Nestle, Fonterra said in a statement. He was Nestle Professional Europe general manager for the past two years and previously held senior finance positions in …