The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July. The kiwi fell to 79.52 US cents as at 5 pm in Wellington, down from 79.09 cents immediately before the inflation data was released and …

CarbonScape, which makes “green” coking charcoal, wants to raise as much as $1.5 million from equity crowd funding to commercialise its product for the steel manufacturing market. The Christchurch-based company has a minimum target of $400,000 on the Snowball Effect platform, with a funding cap of $1.5 million, and is hoping to lure investors offering shares at 20 cents apiece with …

Port of Tauranga, the country’s biggest coastal export hub, sees annual earnings growth of up to 6.1 percent and expects to finish plans to enable big ships to dock at its wharves over the coming year. The port operator forecasts annual profit of between $78 million and $83 million in the year ending June 30, 2015, compared to earnings of $78.2 …