Moody’s Investors Service has affirmed state-controlled carrier Air New Zealand’s credit rating and revised its outlook to ‘stable’ from ‘negative’ on the airline’s efforts to deal with high fuel prices. Auckland-based Air NZ kept its Baa3 senior unsecured issue rating, and was taken off a ‘negative’ outlook after a “rapid response” to escalating fuel prices and dwindling demand, the rating …

Metlifecare, the retirement village operator whose shares have jumped 60 percent in the past year, plans to raise up to $80 million in a placement and share purchase plan as it rolls out its expansion plans. The company’s shares were halted for the placement of $70 million of shares to institutions. It will also raise up to $10 million in …

Reserve Bank governor Graeme Wheeler is prepared to ramp up the scale of the bank’s currency intervention as he looks to keep a lid on the kiwi, which is 18 percent above its 15-year average. The central bank has “undertaken some foreign exchange transactions” in recent months to take the heat out of the exchange rate, and will boost the …