The New Zealand dollar held gains in the local trading session as traders remain cautious ahead of the Reserve Bank and US Federal Reserve policy meetings on Thursday. The kiwi traded at 78.94 US cents at 5pm in Wellington from 78.97 cents at 8am, up from 78.75 cents yesterday. The trade-weighted index advanced to 76.70 from 76.43 last week, after local banks …

Opus International Consultants, the listed engineering firm, flagged the loss of an undisclosed project will weigh on profit margins and cost it $5.5 million in the year. The loss of the large project, which was in “a non-traditional discipline with unique and unusual complexities”, would weigh on its New Zealand earnings, the Wellington-based company said in a statement. First-half margins were squeezed by …

Orion Health Group, which develops software systems for patient health management, wants to raise up to $150 million in new capital in an initial public offer but says it won’t offer earnings forecast because of the “lumpy” nature of the group’s revenues and it feared misleading investors as a result. The IPO would value the firm at almost a billion dollars and …