BlueScope Steel, Australia’s largest steelmaker and owner of the New Zealand Steel mill, has agreed to buy assets of Fletcher Building’s Pacific Steel in a $120 million deal that will lead to the closure of Fletcher’s steel mill at Otahuhu at the end of 2015. The transaction will leave BlueScope as the nation’s only steelmaker and requires approval from the …

Chorus, the telecommunications network operator spun out of Telecom in 2011, has put up an alternative proposal to the Commerce Commission on how its physical copper lines should be regulated in a bid to fast-track the process. The Wellington-based company says the regulator should use the existing network configuration as a hypothetical equivalent operator to determine the value of assets …

Minutes from the latest US Federal Reserve meeting and corporate earnings from companies including Coca-Cola and Wal-Mart will be scrutinised for clues to justify the newfound confidence about the US economic outlook. In the past five days, the Dow Jones Industrial Average climbed 2.3 percent, as did the Standard & Poor’s 500 Index, while the Nasdaq Composite Index advanced 2.9 …