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NZ dollar gains as US interest rate track weighed before Yellen testimony
By Paul McBeth Dec. 2 (BusinessDesk) - The New Zealand dollar gained as investors try to gauge the potential pace of US interest rates hikes, ahead of speeches by Federal Reserve chair Janet Yellen. The kiwi traded at 66.61 US cents at 5pm in Wellington from 66.75 cents ye...

Departing Smartpay chair Hammerschlag keeps shares, options
By Sophie Boot Dec. 2 (BusinessDesk) - Ivan Hammerschlag, who stood down as chairman of Smartpay yesterday, will keep his shareholding in the listed payment terminal supplier and his entitlement to stock options that would more than double his stake. The company announced y...

Goldsmith puts competition, adviser law reviews at top of 2016 wishlist
By Paul McBeth Dec. 2 (BusinessDesk) - Commerce Minister Paul Goldsmith says reviews covering competition and financial adviser law are his top priority for the coming year. Goldsmith took on a large backlog of work when he inherited the commerce and consumer affairs portfo...