APN News & Media, the Australasian publisher of the NZ Herald, is aiming to cut A$25 million of costs this year, with the bulk to come from its New Zealand operations, shareholders were told at the annual meeting in Sydney. New Zealand Media chief executive Martin Simons, said APN’s major cost restructuring projects have been completed, with the outsourcing of …

Prices of dairy products fell for the first time in 10 GlobalDairyTrade auctions, led by the whole and skim milk powder as the volume on offer gained for a second session from a two-year low. The GDT-TWI Price Index fell 7.3 percent compared to the last sale two weeks ago, the first decline this year. The average winning price fell …

The New Zealand dollar dropped by more than half a US cent as weaker than expected private payrolls figures in the US eroded investors’ appetite for higher yielding assets. The kiwi may extend its decline after dairy prices sank in the latest auction GlobalDairyTrade auction. The kiwi fell to 84.92 US cents from 85.73 cents at 5pm in Wellington yesterday. …