The New Zealand dollar weakened as signs of an improvement in the US economy buoyed speculation the Federal Reserve will start tapering its asset purchases. The kiwi dropped to 77.45 US cents from 77.73 cents at the 5pm market close in Wellington yesterday. The local currency earlier this morning fell to 77.31 cents, the lowest level since Monday. The trade-weighted …

Wall Street fell, giving up earlier gains, as comments by Federal Reserve Bank of New York President William Dudley suggested the central bank might reduce monetary stimulus provided by its bond-buying program. “I believe a strong case can be made that the pace of growth will pick up notably in 2014,” Dudley told the Business Council of Fairfield County in …

The value of cash market trading on the NZX slowed last month, from a near-doubling in May on the coattails of the MightyRiverPower listing, though was still up from June 2012. Total value traded climbed 20 percent to $2.7 billion in June from the same month a year earlier at an average daily value of $141 million, according to NZX’s …