Chorus, the telecommunications network operator, is seeing growth in its high-speed fixed line connections as it continues to roll out the bulk of the government-sponsored ultrafast broadband fibre network, and is talking up the value of its lines as it tries to deflate the threat of price regulation. The Wellington-based company added 6,000 fixed line connections in the three months …

The New Zealand dollar bounced as exuberance for a strengthening US dollar waned after its rapid gain over the past three months, and ahead of this morning’s New Zealand Economic Institute of Research’s quarterly survey of business opinion. The kiwi rose to 78.21 US cents at 8am in Wellington from 77.67 cents yesterday. The trade-weighted index increased to 76.37 from 76.21 yesterday. …

Wall Street moved lower as investors positioned themselves on the eve of the US third-quarter earnings season. Shares of Micron dropped, last down 4.2 percent, after Samsung said it plans to spend US$14.7 billion on a new chip facility in South Korea. Micron is the largest US chipmaker. “Semiconductor has been Samsung’s long-time key business, while the company can no …