The Serious Fraud Office won’t lay charges against any of Hanover Finance’s directors or owners including Mark Hotchin and Eric Watson, saying it’s exhausted all avenues of investigation and found nothing to meet its threshold to pursue a prosecution. Acting chief executive Simon McArley said there were serious questions over Hanover’s behaviour, including how it disclosed its financial position to …

Auckland International Airport, the country’s main gateway, isn’t profiteering and is a expecting reasonable return over the coming four years, according to the antitrust regulator. The airport has an expected annual return of 8 percent over the 2013-2017 pricing period, at the top end of the Commerce Commission’s estimated range for a reasonable return of between 7.1 percent and 8 …

The New Zealand dollar rose to a two-week high as gains in equity markets in Europe and the US, and signs of growth in the US housing sector helped lift risk appetite and demand for growth-linked currencies and commodities. The kiwi dollar rose to 85.64 US cents, and earlier reached the highest since April 15 at 85.74 cents, from 85.20 …