Infratil stock is about 20 percent undervalued given the performance of its investment in Z Energy, the likely avoidance of regulation for Wellington International Airport and a foreign exchange gain, according to First NZ Capital. The brokerage resumed coverage of Infratil with an ‘outperform’ rating following the end of a research restriction due to its role in the sale of …

The New Zealand dollar may be range-bound this week, ending largely unchanged, as investors wait on the sidelines for the US government to end its deadlock. The local currency may trade between 81.50 US cents and 84.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Six expect the currency to be largely unchanged with only …

The New Zealand dollar is little changed as investors await the outcome of stalled budget talks in the US. The kiwi traded at 83.12 US cents at 8am in Wellington, from 83.22 cents at the New York close and 82.89 cents in Wellington Friday. The trade-weighted index advanced to 77.26 from 76.77 on Friday. Financial markets are awaiting the resolution …