The New Zealand dollar declined against the greenback and the yen as equities markets and commodities fell and figures showed the US economy is still growing only weakly. The kiwi dollar fell to 83.17 US cents from 83.42 cents at 5pm in Wellington yesterday. The local currency sank to 77.36 yen from 77.97 yen. The Thomson Reuters/Jefferies CRB Commodity Index …

Wall Street extended losses for a second day amid concern the Federal Reserve’s stimulus for the US economy might end sooner than expected, while the latest data on euro zone services and manufacturing output showed a larger-than-expected contraction. Minutes from the latest Fed meeting called into question the size and duration of the central bank’s bond-buying program at a time …

Solid Energy will remain trading during a “difficult two or three months” while the company, its bankers and the government find a way to keep a smaller, coal-only business alive. At a press conference in the Beehive, Finance Minister Bill English said the government was not injecting any funds into Solid Energy at present and had offered no formal government …