New Zealand shares rose, pushing the NZX 50 Index to a new record high, as Fletcher Building recovered from a selloff sparked by an investor presentation last week and better retail data helped lift Kathmandu and Warehouse Group. The NZX 50 gained 25.49 points, or 0.6 percent, to 4621.72. Within the index, 29 stocks rose, 11 fell and 10 were …

The New Zealand dollar climbed to its highest level against its trans-Tasman counterpart after the Reserve Bank of Australia unexpectedly cut interest rates to help stoke flagging economic growth. The kiwi climbed as high as 83.50 Australian cents, trading at 83.37 cents at 5pm in Wellington from 83.08 cents yesterday. It fell to 84.94 US cents at 5pm from 85.23 …

The Reserve Bank of Australia cut its key interest rate to within 25 basis points of New Zealand’s benchmark, sending the kiwi higher against the Australian dollar, as inflation tracks lower than the central bank expected and global growth remains ‘below trend’. The RBA cut its cash rate to 2.75 percent, the first cut since its Dec. 5 decision. Governor …