Ryman Healthcare, which posted a 43 percent jump in full-year profit in May, plans to build a $100 million retirement village in Pukekohe, the second development of that magnitude it has announced in as many months. The village on a 6.58 hectare site on Valley Road  is expected to open next year, the nation’s largest rest home operator said in a statement. …

The New Zealand dollar advanced after US economic reports raised concerns about the strength of the world’s largest economy, damping demand for the greenback. The kiwi rose to 87.28 US cents at 8am in Wellington, from 86.78 cents at 5pm yesterday. The trade-weighted index touched a high of 81.26 overnight, close to the record 81.29 reached earlier this month, and …

Wall Street advanced as investors opted to focus on signs that the US economy has picked up, increasing their bets on the outlook, even as the final reading on first-quarter GDP showed a worse-than-expected contraction. US gross domestic product shrank at a 2.9 percent annual rate, the biggest drop in five years, following a previously reported 1.0 percent decline, in …