The US Energy Department reported a surprise increase in US crude supplies of 1.5 million barrels. Photo / AP

Oil plunges to five-year lows

The price of oil continues to dive, plunging to five-year lows amid mounting evidence that global supplies are far outstripping…

Fonterra chairman John Wilson says sharing up is currently beyond some farmers' financial reach. Photo / Mark Mitchell

Fonterra thirsts for milk

Fonterra has moved to shore up its supply base by forming a subsidiary that can take in more milk without suppliers having…