Summerset Group Holdings, New Zealand’s third-largest listed retirement village operator, said the first 14 homes in its $55 million New Plymouth retirement village will be completed next month, with residents expected to move in before Christmas. The Wellington-based company plans to build about 150 units on the 4-hectare Carrington Road site ranging from townhouses and villas to care apartments and rooms. …

The New Zealand dollar gained against the Japanese yen as improved US economic data bolstered sentiment on global growth, prompting investors to reduce holdings of safe haven currencies such as the yen. The kiwi rose to 84.73 yen at 8am in Wellington, from 84.15 yen at 5pm on Friday. The local currency was little changed at 79.22 US cents from …

A slew of US corporate earnings and Chinese economic data will form the key focus in the coming days as Friday’s rebound could not prevent Wall Street from sliding for a fourth consecutive week amid concern about global growth. Among US companies reporting quarterly results in the coming days are Apple, IBM, Boeing, McDonald’s, Coca-Cola, Amazon, and Caterpillar. Friday’s jump …