New Zealand shares fell from near a 5-year high after Rupert Murdoch’s News Ltd said it will sell a 44 percent stake in Sky Network Television at a discount, prompting investors to liquidate other holdings to free up funds. The NZX 50 Index declined 64.38 points, or 1.5 percent, to 4253.60. Within the index, 40 stocks fell, eight rose and …

Yanking the levers of the banking system to choke off a credit cycle boom requires care, since there’s no guarantee how people will start borrowing again once the lever is released, the Reserve Bank of New Zealand says. “A counter-cyclical buffer would be ‘released’ when there were clear signs the credit cycle had peaked,” the central bank says in a …

The New Zealand dollar may fall in a week that will be punctuated by central bank meetings, Australian data and US non-farm payrolls, and as risk appetite abates. The kiwi recently traded at 82.11 US cents, down from 82.42 cents in late New York Trade on Friday. It will trade in a range of 80.50 cents to 83.50 cents this …