The New Zealand dollar fell as fears over China’s financial sector re-emerged on reports a troubled trust product won’t be bailed out, ahead of economic data which is expected to show the world’s second-biggest economy is still growing, albeit at a slower pace. The kiwi fell to 82.46 US cents at 8am from 82.62 cents at the close of trading …

The New Zealand dollar climbed to a new eight-year high against its trans-Tasman counterpart after weak Australian jobs data highlighted the divergent interest rate outlooks between the neighbouring economies. The kiwi rose as high as 94.80 Australian cents, trading at 94.72 cents at 8am from 94.45 cents yesterday. The local currency increased to 83.44 US cents from 83.29 cents yesterday. …

Wall Street slid as US companies including Best Buy and Citigroup reported results that fell short of expectations, fuelling concern some valuations are not justified by the outlook. In afternoon trading in New York today, the Dow Jones Industrial Average dropped 0.43 percent, the Standard & Poor’s 500 Index fell 0.24 percent, while the Nasdaq Composite Index edged 0.04 percent …