New Zealanders’ retail spending on credit and debit cards rose in November, as spending on consumables, the largest single component, increased at the fastest pace since April last year. Seasonally adjusted retail spending on electronic cards rose 0.6 percent in November to $4.53 billion, Statistics New Zealand said. That’s higher than the 0.4 percent monthly gain expected in a Reuters …

Pyne Gould Corp, the asset management firm controlled by George Kerr, expects to sell its remaining $4.8 million of assets still in New Zealand next year as it looks to quit this country and relocate to Guernsey. Chairman Bryan Mogridge told shareholders in Auckland today the bulk of the company’s $151.8 million of assets are located in Australia and the …

The New Zealand dollar touched a new five-year high against the Australian dollar overnight ahead of a report today which is expected to show the Australian economy continues to lag New Zealand. The kiwi hit 91.31 Australian cents overnight, and was trading at 90.86 cents at 8am in Wellington from 90.81 cents at 5pm yesterday. The local currency slipped to …