Wall Street fell as investors found little to soothe their nervousness over a potential downgrade of the US Federal Reserve’s bond-buying program. In late afternoon trading in New York, the Dow Jones Industrial Average dropped 0.84 percent, the Standard & Poor’s 500 Index fell 0.74 percent and the Nasdaq Composite lost 1.03 percent. “There just isn’t much news to offset …

The New Zealand dollar was little changed in local trading as investors await Reserve Bank governor Graeme Wheeler’s response to a 6.1 percent slide in the currency against the greenback since his last review. The kiwi traded at 78.76 US cents at 5pm in Wellington from 78.65 cents at 8am and 78.80 cents yesterday. The trade-weighted index fell to 73.45 …

Companies expecting to benefit from a lower New Zealand dollar may get only a short reprieve as the kiwi appreciates towards the end of the year buoyed by the prospect of an improving economy and higher interest rates, according to a BusinessDesk survey. The local currency has dropped about 5 percent this year as improving data out of the US …