The New Zealand dollar rose to a three-week high against the Australian currency after yesterday’s minutes of the latest Reserve Bank of Australia meeting confirmed it is likely to cut interest rates in the future and expects the Aussie to decline further. The kiwi rose as high as 84.56 Australian cents, its highest since it touched 84.61 cents on May …

Wall Street advanced amid optimism that US Federal Reserve Chairman Ben Bernanke will reassure investors that the central bank will not pull back its monetary stimulus before it is satisfied with the economic outlook. In late afternoon trading in New York, the Dow Jones Industrial Average gained 1 percent, the Standard & Poor’s 500 Index rose 0.83 percent and the …

Two Degrees Mobile, which has won about a fifth of the country’s mobile phone market, secured a $165 million banking facility with Bank of New Zealand to pay for the construction of its new 4G network by Huawei Technologies. The mobile phone operator reached an agreement with Huawei to deploy its fourth-generation technology network early next year, having worked with …