The New Zealand dollar weakened against the Australian dollar ahead of reports today which may show the Australian economy is picking up pace. The kiwi slipped to 92.31 Australian cents at 8am in Wellington from 92.54 cents at 5pm yesterday. The local currency was little changed at 82.62 US cents from 82.75 cents yesterday as investors await the inaugural testimony …

Wall Street began the week lower as investors awaited Tuesday’s testimony of the US Federal Reserve’s new chairman, Janet Yellen, to gauge the central bank’s take on the recent weakness in employment data and the overall outlook for the US economy. Yellen, who took the helm on February 1, will provide the Fed’s semi-annual testimony to the House Financial Services …

New Zealand stocks fell, paced by SkyCity Entertainment Group, amid speculation the impending earnings season may show the impact of a high kiwi dollar. Hallenstein Glasson Holdings led the index lower after figures showed weak clothing sales. The NZX 50 Index fell 7.730 points, or about 0.2 percent to 4833.058. Within the index, 25 stocks fell, 12 rose and 13 …