Skellerup Rubber Services, a subsidiary of NZX-listed Skellerup Holdings, has been accused of selling faulty rubber rings to PVC pipe maker Marley New Zealand, who is seeking some $7.3 million in damages from the industrial rubber goods maker. Marley claims rubber rings it bought from Skellerup to use as seals in its pipes between 2006 and 2009 didn’t meet Australian …

Synlait Milk, which listed on the stock exchange last week, doesn’t expect a minor fire at its Dunsadel plant last night will affect production after all of its automated systems kicked into life. The fire didn’t cause any injuries, nor did it cause any damage to the affected boiler, Rakaia-based Synlait Milk said in a statement. The milk processor doesn’t …

The New Zealand dollar is little changed ahead of a Federal Reserve meeting this week which is expected to signal the outlook for monetary stimulus in the world’s largest economy. The kiwi recently traded at 80.75 US cents, from 80.84 cents at the close of New York trading and 80.79 cents at the 5pm market close in Wellington on Friday. …