T he New Zealand dollar may rise this week as stronger global equity and commodity markets stoke demand for the currency and an improving local economy boosts employment. The kiwi dollar recently traded at 85.41 US cents, from 85.32 cents on Friday in New York. It has risen 3.1 percent so far this year, or 5.2 percent on a trade-weighted …

Guinness Peat Group, which expects to rebrand itself as UK threadmaker Coats later this year, has sold its 20 percent stake in ASX-listed agri-products maker Ridley Corp. The London-headquartered firm expects to reap A$54 million in cash proceeds from the sale, adding the equivalent of some 34 million British pounds to the 129 million pounds it has generated from asset …

APN News & Media, whose stable of publications includes the New Zealand Herald newspaper, has appointed News Ltd’s Michael Miller as its new chief executive, effective from mid-June. Miller, who has been with Rupert Murdoch-controlled News Ltd since 1997, is currently its regional director for New South Wales, and has experience in New Zealand, sitting on the board of pay-TV …