The New Zealand dollar traded in a narrow range though it may be headed for some volatility as a raft of Federal Reserve speakers take to the airwaves this weekend ahead of next week’s release of the latest Fed minutes and the closely watched monthly US employment data. The kiwi was at 82.25 US cents at 5pm in Wellington from …

Tower, which sold the majority of its life insurance business to Fidelity Life Assurance in May, says it has decided to retain the remaining life assets after talks with potential buyers. The general insurer said it has ended talks with a number of interested parties and has decided not to sell Tower Life (NZ). It sold most of its life …

The New Zealand dollar weakened after positive US economic data reinforced expectations a reviving US economy will prompt the Federal Reserve to continue to pull back its monetary stimulus this year. The kiwi slipped to 81.99 US cents at 8am in Wellington, from 82.28 cents at 5pm yesterday. The Fed announced last month that it would start pulling back its …