NZX-listed high value timber products exporter Tenon is to explore ways of enticing US investors to back the stock as the American housing market starts to lift the company’s earnings after a seven year slog through the sub-prime mortgage and global financial crises. Chairman Luke Moriarty told shareholders at the company’s annual meeting in Auckland the company would also start …

– The government is expecting to reap between $700 million and $1.1 billion from the sale next year of 49 percent of Genesis Energy, the only state-owned power company not to be partially privatised so far. Finance Minister Bill English told the finance and expenditure select committee this morning that the government would be formally revising downwards its estimate of …

The New Zealand dollar gained against the greenback and the Australian dollar on signs prices of the nation’s commodities remain elevated and as traders anticipate US data for clues to the end of monetary stimulus. The kiwi dollar rose to 82.54 US cents from 81.79 cents at 5pm in Wellington yesterday. It rose to 90.26 Australian cents, from 90.01 cents. …