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 …

New Zealand’s current account deficit widened more than anticipated in the three months to Dec. 31, clocking in at $10.5 billion for the 2012 calendar year, or 5 percent of gross domestic product. Contributing to the rise was an increase in dividends paid to foreign investors, although foreign earnings by New Zealand companies in the quarter reached a five year …