Fletcher Building, the country’s biggest listed company, sold its CSP Coating galvanised steel unit to Hamilton-based Perry Group as it looks to replace some of its treated metal products with imports. cigars for sale online Perry Metal Protection, a subsidiary of the family-owned group, has lodged an application with the Commerce Commission to buy the Fletcher unit for an undisclosed …

The New Zealand dollar fell below 83 US cents after minutes of the US Federal Reserve’s last policy meeting showed several members favoured an end to quantitative easing this year, earlier than the Fed’s stated timeline of 2015. The kiwi dollar dropped to 82.89 US cents from 83.21 cents at 5pm in Wellington yesterday. The trade-weighted index was at 74.71 …

 Wall Street held onto yesterday’s gains sparked by the US budget deal, but was cautious about extending the rally as attention turned to the next political hot potato overhanging financial markets — the nation’s debt ceiling. Treasury Secretary Timothy Geithner plans to leave the administration at the end of January, even if President Barack Obama and congressional Republicans haven’t reached …