New Zealand shares gained for a third day, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare Corp rose to a record. The NZX 50 Index advanced 35.237 points, or 0.7 percent, to 5223.123. Within the index, 28 stocks rose, 12 fell and 10 were unchanged. Turnover was $140 million. The benchmark …

The New Zealand dollar held its gains against the greenback after figures showed the Chinese economy grew faster than expected in the third quarter, although still the slowest pace since early 2009 and leaving open the door for Beijing to introduce stimulus measures. The kiwi traded at 79.85 US cents at 5pm in Wellington, from 79.73 cents at the start of the …

Power companies face a ban on so-called “save” calls, where they ring a customer departing for a rival and try to entice them back with a better offer, to the dismay of large electricity retailers. The Electricity Authority published its decision today to ban the practice, but has stopped short of banning “win-back” offers, in which an electricity retailer tries …