Dene Mackenzie

Dry weather conditions, particularly in the North Island, in mid-December and January had resulted in a slowdown in milk supply growth, Fonterra chief executive Theo Spierings said yesterday.

Labour leader David Shearer has identified four main themes for the party to develop in preparation for next year's election and the reshuffle of his front bench yesterday reflected those themes.

An improved interim profit from Kiwibank in the six months to December helped save face for its parent New Zealand Post, which continues to suffer from falling letter volumes and revenue.

Oceana Gold has had some of its trucks seized by local government agencies in the Philippines while discussions over interpretations of tax exemptions continue.

The Labour and Green parties are preparing to crank up their respective campaigns this year to attract more members and supporters.

The housing market has unsettled the Reserve Bank, with governor Graeme Wheeler specifically mentioning house price inflation and household credit growth in his Official Cash Rate review yesterday. The bank did not want to see financial stability or inflation risks accentuated by housing demand getting too far ahead of supply, he said.

Mighty River Power continues to produce impressive statistics as it readies itself for a partial float on the NZX this year, subject to a final Supreme Court judgement.

EXXON Mobil Corporation has reclaimed its place as the largest United States publicly traded company by market value, one year after losing it to Apple, as shares of the technology giant extended their recent fall.