Mainfreight, the global logistics company, intends mounting a compensation claim against the former owners of Netherlands-based Wim Bosman over the loss of a major customer. The company has “notified the former owner that it intends to bring a claim” but hasn’t started court proceedings, it said in a statement. Mainfreight bought Wim Bosman in 2011 for up to 120 million …

The New Zealand dollar gained as investors were reassured China’s central bank would help ease a credit crunch that sparked concerns about growth in the world’s second-largest economy. The kiwi edged up to 77.30 US cents from 77.16 cents at 5pm in Wellington yesterday. In the past 12 hours, the local currency has traded as low as 76.95 cents and …

Stocks on both sides of the Atlantic advanced as investors found value after the recent slump and fresh assurances from central bankers in both China and the US. US economic data provided evidence of further strength, as reports on durable goods orders, sales of new homes, home prices and consumer confidence all beat analysts’ expectations. Also helping was a promise …