Wall Street was mixed as disappointing results from companies including IBM and Coach left investors uneasy about stock valuations. “It will be easier to unnerve a market with less earnings confidence, and you are seeing companies like IBM and Coach that have come out and leave the investor looking for something substantial to bite into,” Andre Bakhos, managing director at …

New Zealand shares rose for a second day to a two-month high, led by OceanaGold, which exceeded its gold production forecasts, and paced by Fisher & Paykel Healthcare as it reached seven-year highs. The NZX50 advanced 28.668 points or about 0.6 percent to 4950.339. Within the index 26 stock rose, 15 fell and nine were unchanged. Turnover was $107.9 million. …

The New Zealand dollar rose after an unexpected lift in inflation in the December quarter raised the chance of the Reserve Bank hiking interest rates as early as next week. The kiwi rose to 83.21 US cents at 5pm in Wellington from 82.61 cents at 8am and 82.43 cents yesterday. The trade-weighted index advanced to 79.09 from 78.37 yesterday. New …