Turners Auctions has lost the contract to sell damaged vehicles for Insurance Australian Group, New Zealand’s largest general insurer, eliminating a revenue line that generates more than 15 percent of profit. Auckland-based Turners currently has 555 damaged vehicles listed on its website and 1,000 that are undamaged. The contract with IAG ends in the next few months and the loss …

The New Zealand dollar fell back below 83 US cents after a US private sector jobs report came in stronger than expected, stoking speculation the Federal Reserve will curtail its money printing sooner than has been projected. The kiwi dollar fell to 82.81 US cents from 83.29 cents at 5pm in Wellington yesterday. The trade-weighted index eased to 76.22 from …

After hitting a fresh intraday high, the Dow Jones Industrial Average gave up some of those gains as investors looked for a fresh catalyst to extend the rally. In afternoon trading in New York, the Dow Jones Industrial Average was last up 0.23 percent to 14,285.91 after climbing as high as 14,320.65 earlier in the session. The Standard & Poor’s …