The New Zealand dollar fell as the greenback strengthened above 100 yen to a four-year high on speculation an improvement in the U.S. economy may bring forward an end to quantitative easing. The kiwi fell to 83.90 US cents from 84.56 cents at 5pm yesterday, having dropped as low as 83.51. The trade weighted index fell to 77.86 from 77.97. …

Air New Zealand, the national carrier slated for a partial sell-down by the government, has ramped up pressure on the Commerce Commission to drop its long-running pursuit of the airline’s alleged involvement in a global cartel on air cargo surcharges. The Auckland-based airline is the only carrier out of 11 not have settled with the antitrust regulator, and is urging …

Fidelity Life Assurance has acquired most of Tower’s life insurance business for a net amount of about $70 million, propelling the closely held company to the third-largest in the market. Fidelity, whose businesses include life insurance, business insurance and KiwiSaver, is acquiring most of Tower’s non-participating life insurance. The Auckland-based company has a strategy of growing organically and through acquisitions, …