The New Zealand dollar rose as weaker US retail sales and concerns about disruption to the economy from winter storms weighed on the greenback. The kiwi rose to 83.52 US cents at 8am in Wellington from 83.11 cents at 5pm yesterday. The trade-weighted index advanced to 78.50 from 78.28 yesterday. The US dollar weakened after a report showed retail sales …

Wall Street moved higher, as a surprise deal for Comcast to buy Time Warner Cable offset a drop in Cisco shares and weaker-than-expected US retail sales and weekly jobless claims. Shares of Time Warner Cable soared, last up 9.3 percent, after Comcast agreed to buy the cable company. Shares of Comcast were last 4 percent weaker. “This leaves Comcast as …

New Zealand forest growers, long overshadowed by booming returns from the dairy industry, look set to cash in on record prices for logs as they prepare to harvest trees planted in a flurry of activity two decades ago. Forestry plantation activity in New Zealand jumped between 1992 and 1998, as a surge in Asian log prices lured investment syndicates to …