New Zealand shares rose, pushing up the NZX 50 Index for an eighth straight session, led by A2 Corp, Telecom, Port of Tauranga and Fletcher Building as investors mulled what is expected to be mixed results in earnings season. The NZX 50 rose 37.907 points, or 0.8 percent, to 4606.24. Within the index, 34 stocks rose, seven fell and nine …

Rakon’s founding Robinson family, which has the biggest stake in the company and three seats at the board, bought almost 367,000 shares in the ailing GPS components maker last week for about $81,500. The two on-market purchases on July 9 and 11 were at an average price of 22.2 cents per share, and came after the Auckland-based firm said it’s …

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. The local currency may trade between 76 US cents and 79.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Four expect the New Zealand …