New Zealand stocks rose, pushing the NZX 50 Index to a record, as retirement village operator Ryman Healthcare and Port of Tauranga charted new highs. The NZX 50 rose 26.23 points, or 0.6 percent, to 4,435.76, the highest since the inception of the gross index in 2003. Within the index, 27 stocks rose, 16 fell and seven were unchanged. Turnover …

Shares of would-be coking coal miner Bathurst Resources plunged 18.75 percent to 26 cents after the first appeal from environmental groups opposing an Environment Court decision upholding its Escarpment open-cut mine resource consents. The announcement from the Royal New Zealand Forest & Bird Society and West Coast Environmental Network came less than a day after the company said it hoped …

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 …