The New Zealand dollar jumped three quarters of a US cent against the greenback to its highest since July 2011 after the Federal Reserve minutes from its last meeting in March pushed out expectations of when the Fed will start raising interest rates. The kiwi jumped as high as 87.25 US cents from 86.47 cents immediately before the release of …

Wall Street rose, extending gains after the latest Federal Reserve meeting minutes eased concern that US policy makers had been planning to raise interest rates sooner than had been anticipated. The Fed released minutes from the March 18-19 Federal Open Market Committee meeting were released at 6am New Zealand time. Fed Chair Janet Yellen’s comments at the end of that …

The law change allowing Telecom to carve out its Chorus network unit to participate in the government’s ultra-fast broadband scheme “was always going to drive a pricing sea-change” for the company’s regulated services, according to a High Court judge. Justice Stephen Kos today turned down an appeal by Chorus to have the regulator’s initial pricing principle (IPP) set aside, and …