Transfield Services, the Australian company at the centre of a row over payment of New Zealand sub-contractors on the national ultra-fast broadband project, has broken its two day silence on the issue to say all outstanding payments will be made in the next two working days. In a statement on the company’s website, Transfield apologises “for the disruption caused by …

Rakon, which makes crystal oscillators used in smart phones and navigation systems, expects a net loss of $54 million in 2014 after taking a $37 million one-time charge to write down the value of its Chinese investment and other assets and posting a trading loss of $17 million. Shares in Rakon slumped 8.7 percent to 21 cents. The Auckland-based company …

The Reserve Bank’s looming restrictions on low-equity home lending will give governor Graeme Wheeler time to pause and reflect at next week’s monetary policy review. Wheeler will keep the official cash rate at 2.5 percent when he releases the monetary policy statement on Sept. 12, according to a Reuters poll of 15 economists. The key rate hasn’t budged since March …