The New Zealand dollar dropped as investors continue to favour the US on signs of a revival in the world’s largest economy. The kiwi fell to 77.29 US cents from 77.71 cents at 5pm in Wellington Friday and 77.52 cents at the New York close Friday, when it dipped below 77 cents for the first time in a year. The …

Investors will focus on a slew of US economic data and speeches by Federal Reserve officials in the coming days, as nerves remain frayed by Ben Bernanke’s signal that the American central bank might pull back its stimulus sooner than expected. Wall Street calmed down by Friday, closing higher for the day, following losses the previous two days after Bernanke …

Telecommunications network owner Chorus faces too much regulatory risk and too little political will to overcome the cost blow-outs and pricing uncertainties under contracts to roll out the ultra-fast broadband network, say analysts for Deutsche Bank. In a 33 page report, the local branch of the global investment bank puts a “sell” recommendation on Chorus shares, targeting a share price …