Kathmandu, the outdoor equipment retailer, posted a 13 percent gain in first-half sales, driven by revenue from is biggest market of Australia. Sales climbed to $165.9 million in the six months ended Jan. 31, from $146.7 million a year earlier, the Christchurch-based company said in a statement. Net profit rose to $4.3 million from $10.3 million. The results are within …

The Reserve Bank is testing the waters for making lenders carry more capital cover on their balance sheets for high loan-to-value ratio mortgages, where it sees more risk to the country’s financial system. The central bank is reviewing bank capital adequacy requirements for home loans, and sees a higher correlation in the local market with housing loan losses than international …

Diligent Board Member Services faces breaching listing rules after the stock exchange regulator refused an application to waive its use of an American auditor without a local licence. NZX Regulation declined a waiver from listing rules that would let Diligent off the hook for not using an auditor with a local licence, according to a decision published on the stock …