The New Zealand dollar will probably take its lead from the US this week, where traders will be looking for guidance from Federal Reserve chairman Ben Bernanke on future monetary stimulus, and reports on how the economy is tracking. The local currency may trade between 78.60 US cents and 82.30 cents this week, according to a BusinessDesk survey of 10 …

Methven, the tapware maker, will buy its Chinese manufacturer for as much as US$10 million, which it says will improve margins and profits. Auckland-based Methven agreed to buy Heshan, Guangdong province-based Invention Sanitary for four times the manufacturer?s profit in the 12 months ending June 30, 2014, up to a maximum of US$8 million before potential earn-outs, the company said …

NZX’s dairy futures market reached a record monthly trading volume in July as more than 2,000 skim milk powder contracts traded for the first time, though total volumes in all categories are lagging behind 2012 on a year-to-date basis. The market reported 5,225 lots traded this month across all categories of dairy products offered in the NZX futures market, beating …