The New Zealand dollar rose as the greenback weakened on trader bets that Federal Reserve Chairman Ben Bernanke on Wednesday may say he is still cautious about the pace of recovery in the world’s largest economy. The kiwi rose to 81.72 US cents from 81.20 cents at the 5pm market close yesterday. The trade-weighted index gained to 76.98 from 76.65 …

Wall Street touched fresh records earlier in the day before giving up gains as investors await clues from the US Federal Reserve on its plans for maintaining stimulus measures. The minutes from the latest Fed’s policy committee meeting are due on Wednesday, the same day that Fed Chairman Ben Bernanke will be giving testimony to Congress. In late afternoon trading …

Shares in MightyRiverPower, which the government partially privatised earlier this month, dipped below their $2.50 float price in afternoon trading, 10 days after listing on the stock exchange. The shares traded as low as $2.48 before recovering to $2.50, with about 366,000, or 0.03 percent, of the company changing hands below the initial public offer price. The stock rose 4.8 …