Wall Street rose amid optimism that accelerating economic growth will outweigh any pullback in the US Federal Reserve’s bond-buying programme. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.11 percent, the Standard & Poor’s 500 Index advanced 0.24 percent, while the Nasdaq Composite Index gained 0.15 percent. Gains in shares of General Electric and Caterpillar, both …

New Zealand shares rose after Telecom announced the sale of its AAPT unit in Australia at a higher price than expected and Contact Energy led gains among power companies beaten up by fears of a Labour-Greens government next year. The NZX 50 Index rose 4.783 points, or 0.1 percent, to 4718.306. Within the index, 20 stocks rose, 22 fell and …

The New Zealand dollar held gains in local trading after figures on the weekend showed China lifted exports by more than expected last month, and after strong US jobs growth on Friday undershot optimistic forecasts by some traders. The kiwi traded at 82.91 US cents at 5pm in Wellington from 82.82 at 8am and 81.96 cents on Friday in New …