New Zealand’s terms of trade, which measure the quantity of imports the country can buy with a set amount of exports, climbed to its highest level since December 1973 as dairy prices surged in the quarter, while cheaper electrical machinery kept a lid on increases in import prices. The terms of trade rose 7.5 percent in the three months ended …

Guinness Peat Group, which has exited more than 50 investments to focus on UK threadmaker Coats, said the UK’s Pensions Regulator won’t meet a Dec. 31 target to decide on whether to issue a warning notice over its pension plans. The regulator has found the Coats Pension Plan and Brunel Holdings Pension Scheme were insufficiently resourced and this could lead …

MightyRiverPower is shutting down its largest geothermal power station, the 140 Megawatt Nga Awa Purua installation, to perform temporary repairs after finding geothermal fluids have damaged the three-year-old unit. Commissioned in 2010, Nga Awa Purua is the largest of MRP’s five geothermal power stations, representing close to 30 percent of its 469MW of rated output from steamfields in the central …