Vital Healthcare Property Trust, whose Canadian cornerstone investor is seeking to build its stake, is planning a rights issue next month and has suspended its distribution reinvestment plan for the third-quarter. The medical and healthcare property investor’s manager, Vital Healthcare Management, intends to undertake a pro-rata renounceable offer of new units in late July, it said in a statement, without …

The New Zealand dollar is little changed as investors weigh the impact of a possible reduction in the Federal Reserve’s monetary stimulus. The kiwi recently traded at 77.56 US cents, from 77.47 cents at 5pm in Wellington yesterday. The trade-weighted index slid to 73.08 from 73.21 yesterday. Traders are eyeing new data from the US for clues as to when …

Stocks on both sides of the Atlantic, US Treasuries and gold fell, though pared some of their earlier losses, amid concern about the reduction of central bank stimulus in the world’s largest economy and worry about the prospects for China, the world’s second-largest economy. Equities in China slumped, sending the country’s benchmark CSI 300 Index down 6.3 percent from the …