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 …

The US dollar’s weighting has slipped in the Reserve Bank of New Zealand’s new trade-weighted index, which adds the Chinese yuan to a line-up of 17 currencies skewed to Asia and intended to more accurately reflect New Zealand’s modern trade profile. The expanded TWI represents the biggest overhaul of the currency basket since it was introduced in the 1970s  as …