The New Zealand dollar fell against the greenback as weak retail data in Australia sapped investors’ appetite for the trans-Tasman currencies, and as improving US data stokes demand for the world’s reserve currency. The kiwi fell to 77.77 US cents at 5pm in Wellington, from 77.91 cents at 8 am and 78 cents at 5pm yesterday. The trade weighted index rose to …

The NZX 50 Index outperformed its Australian, European and UK counterparts in the past quarter, s pushed higher by confidence after August’s reporting season and a rally in listed electricity generator-retailers based on political relief, which boosted the index to record levels. The benchmark index gained 2.2 percent in the three months ended Sept. 30, in contrast to and outperforming Australia’s S&P/ASX …

The Financial Markets Authority has warned KiwiSaver providers over sharp sales practices following a doubling of the amount of money switched by customers into other schemes in the past year. The FMA’s KiwiSaver report out today for the 12 months to June 30 showed overall KiwiSaver funds have grown 29 per cent to $21.4 billion, with 235,730 new members joining over the …