The New Zealand dollar is heading for a 4.3 percent weekly gain against the yen, adding to last week’s 4.2 percent increase, as investors buy into the Japanese central bank’s massive money-printing programme to revive the country’s stagnant economy. The kiwi increased to 85.75 yen at 5pm in Wellington from 85.58 yen yesterday, and hit a new five-year high 86.13 …

Housing New Zealand has reached a $320 million settlement with insurers led by Suncorp Group’s Vero unit over 5,559 homes damaged in the Canterbury earthquakes, $110 million less than the state agency had originally claimed. The settlement involves for insurers in New Zealand, 23 in the UK and Europe, Lloyds of London and insurance broker Aon and is the largest-ever …

The Serious Fraud Office has added the scalp of former Dominion Finance and North and South Finance executive Paul Cropp to its tally of successful finance company prosecutions. Cropp was today found guilty in the High Court in Auckland relating to related party lending totaling approximately $13.57 million in breach of the companies trust deeds, the SFO said in a …