The New Zealand dollar rose after Australian inflation was a little higher than expected in the third quarter, supporting demand for the Australian dollar and dragging the kiwi with it. The kiwi rose to 79.76 US cents at 5pm in Wellington from 79.55 cents at 8am, though little changed from 79.85 cents yesterday. The local currency gained to 90.71 Australian cents from 90.57 cents …

The New Zealand Superannuation Fund, which was set up to partially cover the cost of a ballooning baby boomer pension bill, has been encouraged to bed in a series of organisational changes over the past few years, and implement a new policy managing its investment in derivative products. The two recommendations are included in the five-year review of the fund …

Quattro Income REIT, an Australian asset management company, has resumed plans to list a New Zealand property portfolio, albeit a smaller number of properties, and has shaved nearly a third off the capital it wants to raise in a public offer on the ASX. The Sydney-based investor will seek to raise A$220 million in an initial public offer, from a previously planned A$305 million, selling …