Norwegian newsprint giant Norske Skog confirmed today that it will halve newsprint production at its Tasman Mill at Kawerau. A union claims more than 100 of the 280 employees may lose their jobs.

Clear cut results are thin on the ground but Prime Minister John Key said today he was happy with this year's Apec economic meeting in Vladivostok, Russia.

World dairy prices rose to the highest level since early April in last night's online auction, for the third straight gain.