OceanaGold Corp, whose share price has plunged 59 percent in the past three months, will put off production at its Reefton mine, putting it into care and maintenance in mid-2015 until the price of gold improves. The move amounts to a two-year reduction in the mine schedule and will cut production by 110,000 ounces between 2015 and 2017 to achieve …

The New Zealand dollar held its value after Federal Reserve officials assured markets about the withdrawal of economic stimulus. The kiwi slipped to 77.98 cents from 78.19 cents at the 5pm market close in Wellington yesterday. The trade-weighted index weakened to 73.69 from 73.75 yesterday. Federal Reserve officials yesterday stepped up their campaign to clarify comments by chairman Ben Bernanke …

Wall Street gained as US Federal Reserve officials stepped up their backpedalling to reassure investors that the central bank’s bond-buying program is not about to disappear into the night. Federal Reserve Bank of New York President William Dudley reminded investors that the economic outlook, not the calendar, will dictate decisions on monetary policy, including the pace of asset purchases. “Economic …