he New Zealand dollar gained against the greenback and the euro as stronger-than-expected growth figures yesterday made the local economy a standout in a world of sluggish growth and data showed euro-zone manufacturing shrank further. The kiwi rose to 83.30 US cents from 82.73 cents at 5pm in Wellington yesterday. The trade-weighted index rose to 76.48 from 76.16. The New …

Stocks on both sides of the Atlantic fell as worse-than-expected euro zone manufacturing data bolstered concern its economic recovery might take longer than feared. The Markit Eurozone PMI Composite Output Index dropped to 46.5 in March, from 47.9 in February, according to the flash estimate. Flash Germany Manufacturing PMI dropped to 48.9 in March, a three-month low and down from …

Shares in Methven fell 2.3 percent after chief executive Rick Fala will leave the tapware manufacturer in September. The shares fell 3 cents to $1.30, matching its lowest level this year on March 11. Fala leaves after 15 years in charge, and will stay on the board as an independent director. His decision to stay on the board comes after …