The New Zealand dollar rallied after the US Federal Reserve’s policy statement disappointed investors who were expecting the central bank to have a stronger bias toward raising interest rates next year. The kiwi rose to 77.80 US cents at 8.15am in Wellington from 77.24 cents immediately before the release, and 77.36 cents yesterday. The trade-weighted index advanced to 77.89 from …

Wall Street rose as oil rebounded amid speculation it had fallen too far too fast and as investors positioned for the last policy statement of the year from the US central bank. In afternoon trading in New York, the Dow Jones Industrial Average climbed 0.93 percent, the Standard & Poor’s 500 Index strengthened 0.91 percent, while the Nasdaq Composite Index …

The three biggest shareholders of Wellington hospital owner Acurity Health Group have put a second application to the Commerce Commission, reducing one shareholder’s influence on the holding company, Connor Healthcare, in a bid to ease competition concerns created by a takeover. Connor needs the regulator’s tick of approval to take over the private hospital operator, to acquire the shares it doesn’t already own. Connor …