The Reserve Bank of Australia said its currency, near a 4 1/2-year low, remains over-valued and needs to decline further to assist the economy across the Tasman, which is growing at a moderate pace. The central bank kept its cash rate unchanged as expected at a record low 2.5 percent, where it has been since August 2013. Governor Glenn Stevens issued a statement …

Delegat’s Group, the listed winemaker, plans to put a toehold in China next year as part of a long-term goal of boosting overall sales by 52 percent in the next five years. The Auckland-based company set up an in-market sales team in Japan this year and plans to do the same with three to four staff in Shanghai next year to push …

New Zealand shares rose, led by Chorus, after the Commerce Commission lifted the amount the network operator can charge on its regulated copper lines. Spark New Zealand fell on the regulator’s decision. The NZX 50 Index edged up 0.413 points, or 0.01 percent, to 5430.035. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnover was $146 million. In a draft determination issued this …