The New Zealand dollar may fall this week, with the US Federal Reserve’s statement on Thursday and fallout over Cyprus’s bailout likely to trump local economic growth and balance of payments data. The kiwi dollar recently traded at 82.23 US cents, down from 82.72 cents in New York trading on Friday. It may trade in a range of 81 cents …

Dunedin-based bladder cancer detection test inventor Pacific Edge believes it could be turning over $100 million a year in the United States within five years, following the registration of its own diagnostic laboratory in Pennsylvania. The closely held, NZX-listed company announced the registration milestone today, saying its Hershey, Pennsylvania laboratory had received CLIA (Clinical Labour Improvement Amendment) registration, allowing it …

Patchy rains have provided relief for some farming areas and left others without substantive moisture, says Chris Kelly, chief executive of state-owned Landcorp, New Zealand’s biggest farmer. The West of the North Island saw higher rainfall, with 15-40 millimetres from Northland to Waitomo down through to Taranaki. The West Coast, which applied for drought status last week, received 20-40 mm …