![Dairy prices down 14pc in Fonterra online auction](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Dairy prices down 14pc in Fonterra online auction
Fonterra says milk powder prices in its monthly internet auction fell around 13.7 per cent overnight.
Fonterra says milk powder prices in its monthly internet auction fell around 13.7 per cent overnight.
Stocks in the US fell overnight, erasing an early rally, on evidence of a slowdown in growth in the US services sector.
A compromise deal over the taxation of Australian mining companies has been announced by new PM Julia Gillard.
Equities slid overnight amid further signs of economic weakness in China, Europe and the US.
Hollywood studios are trying to halt the trading of "box office futures", which will allow speculators to bet on the success or failure of movies in the financial markets.
New Zealand's farm and forestry exports are bouncing back in the wake of the global recession, agricultural economists say.
US share prices were mixed as higher-than-estimated growth in construction spending and manufacturing offset a drop in energy shares.
NZ recorded its first annual trade surplus in nearly eight years in the year to April, Statistics NZ says.
The kiwi dollar has surged in value after a stunningly low unemployment stat and a speech by Alan Bollard.
Farmers' economic confidence improved in the first months of 2010, boosted by sheep and beef prices.