The New Zealand dollar fell as traders mulled the prospects for an optimistic US Federal Reserve primed to raise interest rates when it reviews policy this week, which would stoke demand for the greenback. The kiwi fell to 77.43 US cents at 5pm in Wellington from 77.61 cents at 8am and 77.76 cents on Friday in New York. The trade-weighted index …

Port of Napier posted a 14 percent gain in annual profit to a record after increasing container and bulk cargo volumes, allowing New Zealand’s fourth-largest container port to increase dividends to its Hawke’s Bay Regional Council owner. Profit rose to $13.4 million in the 12 months ended Sept. 30, from $11.8 million a year earlier, according to the company’s annual report. …

The University of Canterbury can claim $550 million to cover the damage wrought by the series of earthquakes in 2010 and 2011 after reaching an agreement with its insurers. The university will receive an additional $247 million to claims already paid or agreed to be paid, taking its total claim to just over half a billion dollars under the Universities NZ collective insurance …