Pulse Energy, the electricity retailer controlled by lines company Buller Electricity, sank deeper into the red in the first half as historical electricity derivatives tied the company to substantially higher than expected wholesale prices and chewed up revenue growth. The Auckland-based company reported a net loss of $9.99 million, or 2.9 cents per share, in the six months ended Sept. 30, widening …

Median national housing rents rose at an annual pace of 5.3 percent in November, slowing from a month earlier as rental prices continue to plateau, according to online auction site Trade Me. The national median rent was $400 a week across all property types in November, unchanged from October, and slowing from a peak annual increase of about 8 percent in September, …

The New Zealand dollar fell as the continued decline in crude oil prices stoked concern that global economic growth may be faltering, weighing on equity markets and sapping risk appetite. The kiwi fell to 77.61 US cents as at 8:30am in Wellington, from 77.70 cents in late New York trading on Friday and from 77.90 cents in Asia at the end of …