The New Zealand dollar may fall if a bank run in heavily indebted nations emerges after a lifeline thrown to Cyprus saw a major bank shut down and will leave uninsured depositors facing losses. The kiwi traded at 84.44 US cents at 5pm in Wellington from 83.59 cents at 8am and 83.47 cents yesterday. The trade-weighted index gained to 76.60 …

New Zealand posted a biggest-than-expected trade surplus last month on shipments of whole milk powder, logs and sheep meat to China. The surplus was $414 million in February from a revised deficit of $287 million in the previous month, according to Statistics New Zealand. The annual trade deficit narrowed to $1.08 billion from $1.3 billion. The figures beat the Reuters …

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 …