The New Zealand dollar extended its slide after figures showed the current account deficit widened more than expected in the fourth quarter and the bailout impasse in Cyprus kept the US dollar well bid. The kiwi dollar fell to 82.28 US cents in late New Zealand trading from 82.51 cents immediately before the balance of payments figures. The trade-weighted index …

By Kirsten Paterson The volume of dairy products offered in the latest GlobalDairyTrade auction fell to the lowest level in almost two years as drought in the North Island curbed milk production. Fonterra Cooperative Group indicated to the market in late January that the volume of product being placed on the GDT was likely to decline over the coming months …

Auckland International Airport and Warehouse Group are backing a scheme to deepen the pool of directors in New Zealand and up skill a new generation of business people. Under the Future Directors scheme, which is to be administered by the NZ Institute of Directors, young professionals will be placed on the boards of public companies for 12 months. While they …