Rangatira, which bought a cornerstone stake in beer company Tuatara Brewing this year, reported a tenfold surge in first-half profit after selling its stake in engineering service firm Contract Resources and its direct holding in accounting software developer Xero. Net profit jumped to $30.8 million in the six months ended Sept. 30 from $3 million a year earlier, the Wellington-based …

The New Zealand dollar rose against the euro after higher European inflation dented expectations that the European Central Bank may have to ease monetary conditions further to stimulate growth. The kiwi touched 60.02 euro cents over the weekend and was trading at 59.82 cents at 8am in Wellington from 59.47 cents at the 5pm market close on Friday. The local …

Trading desks will be back to full staff this week after the Thanksgiving break in the US and investors are expected to be in a mood to buy — at least that’s what traders are hoping. While stocks ended little changed in thin trading on Friday, Wall Street posted another strong month of gains. For all of November, the Dow …