Satara Cooperative Group, the Te Puke-based kiwifruit and avocado company, may post a full-year loss before tax after an asset revaluation review found it had double-counted its cool stores. The company would reduce the value of land, buildings and plant by $5 million to $33.4 million if it takes all the adjustments in the 2012 year, it said in a …

Optimism rules on the world’s largest economy. Last week’s slew of reports underpinned the cautiously upbeat outlook for the US, even though one showed an unexpected contraction in American GDP in the fourth quarter. On Friday, data showed that US payrolls rose 157,000 in January, with a substantially revised 196,000 gain in the prior month and a 247,000 climb in …

The New Zealand dollar gained against the greenback and reached a five-and-a-half year high on a trade-weighted basis as improving US employment figures underpinned a rally on Wall Street and stoked investors’ appetite for higher-yielding assets. The kiwi was unchanged at 84.53 US cents at 8am in Wellington from the close of trading on Friday in New York, and up …