The New Zealand government and SkyCity Entertainment Group are giving themselves another fortnight to cut a deal on the terms for the casino and hotel operator to build a $402 million convention centre in Auckland in exchange for regulatory concessions. Both parties agreed to extend the deadline to reach a final agreement until the end of the month, after initially …

Stocks climbed as the latest data on US retail sales and jobs bolstered hope that the world’s largest economy might be on track for a sustainable recovery. Retail sales rose a better-than-expected 0.6 percent last month after a 0.1 percent gain in April, data from the Commerce Department showed. Polls by Bloomberg News and Reuters had called for a 0.4 …

Pyne Gould, the asset management firm controlled by George Kerr, says it will return to profit this year on gains from assets sales after an impairment-driven loss in 2012. Profit will be about $30 million in the year ending June 30, from a loss of $47.7 million a year earlier, the Auckland-based company said in a statement. The profit gain …