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 …

Prime Minister John Key appears to be holding the door open to renegotiating the price at which Chorus undertakes its part of the national roll-out of fibre-optic cable under the government’s ultra-fast broadband project. Speaking after Cabinet, Key told journalists the government had “a number of options” for dealing with the billion dollar hole blown in Chorus’s earnings between now …