SkyCity Entertainment Group, which has won increased gaming concessions in Auckland and Adelaide, said full-year profit fell 8 percent, missing estimates, on a flat result in New Zealand’s biggest city and one-time benefits the previous year, which weren’t repeated. Shares of SkyCity fell as much as 4.9 percent to $3.90 as soon as trading opened on the NZX, recovering to …

The New Zealand dollar weakened as investors bet retail sales growth in the US suggests a revival in the world’s largest economy which will prompt the Federal Reserve to start tapering its monetary stimulus next month. The kiwi slipped to 79.64 US cents at 8am in Wellington, from 79.97 cents at the 5pm market close yesterday. The trade-weighted index dipped …

The New Zealand dollar weakened as investors bet retail sales growth in the US suggests a revival in the world’s largest economy which will prompt the Federal Reserve to start tapering its monetary stimulus next month. The kiwi slipped to 79.64 US cents at 8am in Wellington, from 79.97 cents at the 5pm market close yesterday. The trade-weighted index dipped …