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 …

Nikko Asset Management New Zealand, the local subsidiary of the Japanese investment firm, said funds under management topped $4 billion for the first time as the country’s relatively high yields on offer in a low-interest-rate world attracted foreign investors. The local fund manager has increased its assets under management by 14 percent in the past 12 months, aided by the lure of …

Enprise Group, the accounting software reseller which debuted on the NZAX yesterday, narrowed its first-half loss as its Australian unit turned to a profit and it reduced costs. The Auckland-based company’s loss narrowed to $79,000 in the six months ended Sept. 30, from $110,000 in the same period a year earlier, it said. Sales slipped 3.1 percent to $3.4 million, while …