Energy and Resources Minister Simon Bridges has formally requested the Electricity Authority conduct an inquiry into the Auckland power outage. All power has been restored to the 85,000 households and businesses that had their electricity cut in the early hours of Sunday morning after fire damaged cables at Transpower’s Penrose substation.  The two days of disruption costs millions of dollars in lost sales …

New Zealand stocks rose, led by Warehouse Group, following Friday’s rally on Wall Street as jobs data boosted confidence in the world’s largest economy’s recovery. Summerset Group Holdings gained on its third quarter sales. The NZX 50 Index edged up 4.32 points, or 0.08 percent, to 5241.314. Within the index, 26 stocks rose, 13 fell and 11 were unchanged. Turnover was a lighter-than-usual $69 million as Australia’s …

The New Zealand dollar was little changed in local trading after stronger than expected US employment figures stoked demand for the greenback on a growing expectation the Federal Reserve will have to hike interest rates. The kiwi traded at 77.67 US cents at 5pm in Wellington from 77.65 cents at 8am, and 77.62 cents at the close of trading in New York …