The New Zealand dollar pared overnight gains in local trading as investors look to the outcome, tomorrow morning, local time, of the last US Federal Reserve policy meeting of the year, which may provide guidance on the US central bank’s plans to start lifting American interest rates. The kiwi fell to 77.36 US cents at 5pm in Wellington from 77.85 cents at 8am, little changed from …

Paul Brewerton, chief operating officer of IkeGPS Group, has left the remote measuring devices and software company and will not be replaced. Brewerton left on Nov. 7, the Wellington-based company said in a brief statement. He had been with the company as operations manager since January 2012, according to a LinkedIn profile. His presence has been removed from the website, but …

Pyne Gould Corp, which is controlled by managing director George Kerr, will keep on buying back shares as it looks to narrow the shortfall from its net tangible asset value, and said it expects the audit of its Torchlight investment should be done before it releases its first-half earnings. Chairman Bryan Mogridge told shareholders in Auckland the firm will continue with …