The New Zealand dollar fell nearly one US cent overnight.

Auckland's mayor is ready to up the pace for action on the transformation of the city writes Fran O'Sullivan.

Fonterra's new chief executive says the board will have a look at NZ's high fresh milk prices.

Dairy giant Fonterra has announced details of a record year - with $10.6 billion to be distributed to its farmer owners. Its detailed a record payout of $8.25, comprising a "Farmgate Milk Price" of $7.60 per kilogram of milksolids for the 2011 season...

Fonterra farmers are again warning that any change which may reduce their ownership or control of the co-operative sill be rejected.

Average prices of dairy products fell for the sixth straight sale in Fonterra's latest online auction, reaching the lowest level in 10 months.