Reserve Bank governor Graeme Wheeler faces the same tensions between a high kiwi dollar and a heated housing market that have informed his monetary policy decisions all year and no change is likely at next week’s review as inflation stays low. Wheeler will keep the official cash rate at 2.5 percent when he releases the monetary policy statement on June …

Dorchester Pacific has raised $4.1 million in a placement to institutions, with two major shareholders taking up an offer to sell down their own holdings in a secondary pool. At total of 35 million shares were sold at 25 cents apiece to institutional investors, the financial services company said in a statement. That was made up of 16.3 million of …

Air New Zealand, the national carrier, agreed to pay $7.5 million to settle a long-running dispute with the antitrust regulator on alleged agreements with other airlines on fuel and security surcharges on air cargo. The Auckland-based airline is the last of 11 carriers to settle with the Commerce Commission on the air cargo cartel case, and faces the biggest penalty …