New Zealand shares fell, led by Fletcher Building after the biggest company on the NZX 50 Index posted first-half earnings highlighting tough times in Australia. Fisher & Paykel Healthcare jumped after unexpectedly lifting its guidance. The NZX 50 fell 29.97 points, or 0.7 percent, to 4214.24. Within the index, 25 stocks fell, 16 rose and nine were unchanged. Turnover was …

The New Zealand dollar shed more than half a US cent after Reserve Bank governor Graeme Wheeler outlined the central bank’s criteria to intervene in currency markets, and said he was prepared to act when those were met. The kiwi fell to 84.04 US cents at 5pm in Wellington from 84.61 cents immediately before Wheeler’s speech and down from 84.37 …

Reserve Bank governor Graeme Wheeler has told manufacturers he will intervene in currency markets if the circumstances will let him smooth the peaks and troughs, though he can’t set the level of the currency. The kiwi dropped half a US cent after the speech’s release. In a speech entitled, ‘manufacturing decline not just a dollar story’, Wheeler told the New …