The dollar rose as traders delayed their expectations for US interest rate hikes, broadly weakening the greenback.

If Australia's initiative works well enough, this country should be quick to follow suit.

Trade Minister Tim Groser says Southeast Asia is New Zealand's "number one insurance policy".

The country is not convinced a deal would have plenty of upside, writes Fran O'Sullivan.

Investment bank says there is a 25 to 30 per cent risk of New Zealand's economy going into recession in the next 12 months.

The New Zealand dollar gained as traders pare back bets for the Federal Reserve to hike interest rates next month.

DairyNZ chairman John Luxton says it some TPP players are seeking to maintain trade protection rather than reduce it.

Wholemilk powder prices rallied by 19.1 per cent at this morning's GlobalDairyTrade auction.

The dollar was little changed after dairy product prices jumped as expected at auction overnight.

We were heading into the global financial crisis but the fire of the dragon's breath kept us warm in the international financial storm.

The NZ dollar rose ahead of tonight's GlobalDairyTrade auction amid expectations whole milk powder prices may gain.

Signs look good for Fonterra that dairy prices will bounce in tomorrow's GlobalDairyTrade (GDT) auction.

New Zealand businesses need to be globally focused and prepared to compete, according to global chair of Kea New Zealand Phil Veal.

Prime Minister John Key has downplayed concerns about the sale of large tracts of productive land to foreign buyers, saying the trend was not "alarming".

Having made their money in a one-party state, Chinese companies are facing culture shock as they deal with democracies.

Japan, Canada and the US are united in pushing NZ to ditch its demands for better dairy export access to their protected markets, writes Fran O'Sullivan.

Taxpayer money will be spent on an abattoir that could be gifted to Saudi Arabia - part of a deal done partly to secure a free-trade deal with Gulf states.

TradeMe Group has launched an insurance with Tower, as part of the online auction site's plan to diversify into financial services.

New Zealand told a wary United States of its involvement in a new Chinese infrastructure bank from the start and those conversations were never tense, officials say.

The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.

Reynolds Group Holdings packaging business and UCI Holdings are under pressure to cut and sustain lower operating costs after recent asset sales that reduced debt.

The NZ dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation.

The NZ dollar fell sharply yesterday after the US dollar spiked higher in response to China's 1.9 per cent devaluation of the yuan.

We are now virtually economic prisoners, forced to meet Chinese demand in order to retain a market that has become our life blood, writes Bryan Gould.

The kiwi dropped as low as 65.50 US cents, from 66.27 cents at 1pm, and was recently trading at 65.60 cents.

Milk powder prices will need to improve substantially before Fonterra's revised farmgate milk price of $3.85 per kg of milk solids can become a reality, say analysts.