Air New Zealand, the national carrier, expects first half pre-tax earnings to rise 20 percent from the year earlier on optimism about its December bookings and on certainty about redundancy costs. The Auckland-based carrier said it expects earnings before tax to increase about 20 percent in the six months ending Dec. 31, including about $10 million of redundancy costs. Last …

The Reserve Bank's exemption of new home building from low-equity mortgage limits, just two months after they were introduced, shows the central bank isn't immune to lobbying and highlights the limitations of such policies, says the NZ Institute of Economic Research. The bank today amended its loan-to-value ratio speed limit policy, designed to limit the risk to the nation's financial …

Shares in Wynyard Group jumped 8.6 percent after the intelligence software developer grabbed its third new client in as many weeks, and building expectations the firm will deliver on its growth aspirations. The Auckland-based company signed up the Thai Customs Department today, where Wynyard’s software will be used in preventing drug trafficking at the South East Asian nation’s northern border. …