Warehouse Group chief financial officer Stephen Small has died after two years with the retailer. The Auckland-based company said in a statement after the market closed yesterday that Small died suddenly. He joined the country’s biggest listed retailer in April 2012, coming from General Motors Korea where he was chief financial officer. “Stephen was a hugely respected member of our …

The New Zealand dollar slid to a two-week low against the yen as investors shied away from so-called riskier currencies in favour of safe havens. The kiwi touched 87.43 yen early this morning, its lowest level since April 29, and was trading at 87.73 yen at 8am in Wellington, from 88.43 yen at 5pm yesterday. The local currency weakened to 86.38 US …

Wall Street declined as disappointing earnings from Wal-Mart and a surprise drop in US industrial production exacerbated nervousness about equities trading near record highs. With about an hour of trading left in the day in New York, the Dow dropped 1.2 percent, the Standard & Poor’s 500 Index shed 1.06 percent, while the Nasdaq Composite Index sank 0.98 percent. Slides …