Wall Street advanced as comments by a US Federal Reserve official suggested not all policy makers believe September should mark the start of easing the central bank’s bond-buying program. Atlanta Fed President Dennis Lockhart said the US economy has had an “uneven performance” and that he “would argue that recent data do not present a clear picture” about the potential …

Port of Tauranga, New Zealand’s busiest export port, has agreed to buy a half stake in PrimePort Timaru in a $21.6 million deal aimed at strengthening the Tauranga site as a hub for coastal shipping. The deal is subject to public consultation because PrimePort is 71.4 percent owned by Timaru District Council’s investment arm. The process will start on Aug. …

Telecom Corp is taking its spat with rival Vodafone New Zealand to the Commerce Commission after dropping threatened legal action over the ‘SuperNet’ ad campaign. Auckland-based Telecom has dropped High Court proceedings against its rival, saying Vodafone stopped “several aspects” of the ad campaign in its formal response to the action, and has dobbed in its competitor to the antitrust …