Cost-saving options for embattled telecommunications infrastructure provider Chorus include allowing the quality of its service to drop by under-investing in maintenance and upgrades on its existing copper-wire networks, says the report into its future by Ernst & Young Australia. Chorus says it is committed to striking the “right balance …to ensure New Zealand consumers continue to benefit from high quality …

The New Zealand dollar touched a week high against the British pound on the expectation positive economic data may have peaked in the UK, indicating the pace of recovery has slowed. The kiwi rose as high as 50.80 British pence in late New York trading Friday, and was at 50.62 pence at 8am in Wellington from 50.31 pence at 5pm …

All eyes are firmly fixed on US Federal Reserve policymakers as they gather for their final meeting of 2013 during which some believe they will decide to start scaling back their US$85 billion a month bond-buying program. As the US unemployment rate dropped to a five-year low of 7 percent in November, and third-quarter GDP accelerated more than expected to …