The New Zealand dollar fell after Reserve Bank governor Graeme Wheeler said yesterday he is prepared to keep intervening in foreign exchange markets to limit the rise of the local currency. The kiwi fell as low as 80.03 US cents, from 81.15 cents at 5pm yesterday, and recently traded at 80.76 cents. The trade-weighted index slipped to 75.89 from 76.41 …

US economic data falling short of expectations bolstered hope that the Federal Reserve might see the need to support the world’s largest economy a little longer than it has recently hinted. The economy grew at a 2.4 percent annualised rate in the first quarter, according to the Commerce Department. That was down from an earlier estimate of a 2.5 percent …

SmartPay, the eftpos terminal company, narrowed its annual loss to $5.9 million and said it hasn’t yet recorded the full benefits of its restructuring and acquisitions. The net loss narrowed from a year-earlier loss that was restated to $12.7 million. Sales climbed to $17 million from a restated $16.5 million. In December, the company agreed to buy eftpos terminal provider …