The New Zealand dollar advanced as investors pulled back expectations for the Federal Reserve to signal a rise in interest rates at this week’s meeting and on reports China is adding liquidity to its banks to bolster economic growth. The kiwi rose to 81.97 US cents at 8am in Wellington, from 81.61 cents at 5pm yesterday. The trade-weighted index gained to …

NZAX-listed Snakk Media is considering offering employees shares in the company as part of their remuneration package. At the annual meeting in Auckland yesterday, chairman and major shareholder Derek Handley said the board would consider extending the current Employee Share Options plan to include a mix of equity and options. That comes as the company, which helps brands find and …

Wall Street advanced as a report showed a gauge of US inflation was unchanged in August, which helped fuel expectations Federal Reserve policy makers might hold on to their plan to keep interest rates low for a “considerable time.” Fed policy makers began their two-day gathering on Tuesday. Fed Chair Janet Yellen, who will hold a press conference at the …