The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month, selling the kiwi in an attempt to push its value down and benefit exporters, and Prime Minister John Key suggested a “Goldilocks” level far lower than at present. The kiwi regained some ground overnight and was trading at 77.69 …

The cancellation of a two day strike at the Marsden Point oil refinery next week has left the country’s four main oil companies with an unwanted 50 million litre emergency shipment of aviation fuel that set sail from South Korea at the weekend. Z Energy, BP, Mobil and Chevron (owner of the Caltex brand), acting in concert as the Customer Supply Group, sourced …

New Zealand shares rose as a weaker kiwi dollar attracted investors to stocks with currency exposure such as Fletcher Building and Fisher & Paykel Healthcare. Meridian Energy extended its fall from a record. The NZX 50 Index increased 6.019 points, or 0.1 percent, to 5259.507. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was a lighter-than-usual $80.7 million. The kiwi …