Fonterra has cut its forecast 2015 milk price payout by 14% to $6 per kg of milk solids.
New Zealand shares fell led by Telecom after an analyst's report cut the stock's target
New Zealand billionaire Graeme Hart's Reynolds Group is considering the sale of three
NZ dollar edged up amid US dollar weakness as traders await key US economic releases.
Wall Street crawled higher after a disappointing report on the US housing situation.
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