Telecom Corp, the country’s biggest telecommunications company, has set up a new incubator-style unit to come up with new services and products that can leverage the shift to an ultra-fast broadband world. The Auckland-based company has launched a digital ventures team to seek out high potential growth opportunities to deliver new revenue streams and generate bigger returns, it said in …

The New Zealand dollar rose to a five-year high against the yen following the Bank of Japan’s announcement last week of much greater quantitative and qualitative easing to end deflation and weaken its currency. The kiwi rose to 82.61 yen and earlier reached 82.68 yen, the highest since May 2008, from 82.21 yen in New York on Friday. It slipped …

A fresh round of earnings will set the tone for Wall Street after US stocks posted their largest weekly slide of 2013 on mounting evidence the recovery has slowed. A much weaker-than-expected monthly jobs report on Friday capped a week of disappointing data on the American economy which has raised concern about corporate earnings with Alcoa, JP Morgan Chase and …