Chorus is likely to delay any new capital-raising to help fund the ultra-fast broadband rollout until after the Commerce Commission completes its redetermination of copper network-based broadband pricing under an alternative methodology, says Deutsche Bank. In a research note to clients following the weekend release of the government-ordered Ernst & Young Australia report on Chorus’s UFB funding challenge, research analyst …

The Commerce Commission intends to issue legal proceedings against three of the major Australian banks over their sale of interest rate swap contracts to farmers, which the regulator says may have breached the Fair Trading Act. The commission intends to file proceedings against ASB Bank, ANZ Bank New Zealand, and Westpac New Zealand in March next year, and is also …

New Zealand shares rose as investors were drawn to companies with a growth story, such as SkyCity Entertainment, while Chorus fell on disappointment a report on its funding issues hasn’t swayed the government. The NZX 50 Index gained 18.552 points, or 0.4 percent, to 4735.611. Within the index, 25 stocks rose, 15 fell and 10 were unchanged. Turnover was $149 …