The Commerce Commission has been urged not to sign off on the country’s dominant mobile phone operators buying the remaining 700 megahertz radio spectrum for fear of undermining burgeoning competition in the market. A Covec report, commissioned by new entrant Two Degrees Mobile, claims competition among mobile carriers would be “substantially enhanced” if the antitrust regulator declines clearance for Vodafone …

The New Zealand dollar rose above 90 Australian cents for the first time in five years as traders bet the Reserve Bank of Australia will attempt to talk its currency down at its policy review this afternoon. The kiwi touched a high of 90.03 Australian cents early this morning, a level not reached since October 2008. The local currency was …

Wall Street began the week flat as the start to the holiday sales season was mixed, leaving investors wary of placing too many fresh bets ahead of the November payrolls report on Friday. On a positive note, US manufacturing surprisingly picked up speed last month. The Institute for Supply Management’s index climbed to 57.3 in November, the highest since April …