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Visy Fined $3.6M in NZ High Court for price fixing in long-running case
By Pam Graham Aug. 22 (BusinessDesk) – Visy Board Pty, the Australian cardboard box maker, is paying $NZ3.6 million to settle a price-fixing case in New Zealand, having already been pinged for $A36 million for the same behaviour in Australia. Visy has been ordered to pay a pen...

Vector ekes out 2.3 percent gain in FY profit as technology unit bolsters earnings
By Paul McBeth Aug. 22 (BusinessDesk) - Vector, the Auckland-based electricity, gas and telecommunications network operator, lifted net profit 2.3 percent, missing estimates, as its technology unit bolstered sagging earnings from traditional energy revenue streams. Net profit...

NZ dollar falls to two-week low as broad support seen for Bernanke’s tapering plans
By Tina Morrison Aug. 22 (BusinessDesk) – The New Zealand dollar fell to a two-week low after minutes of the Federal Reserve’s last meeting signalled the central bank may start tapering its bond buying programme next month, a move that would strengthen the greenback. The kiwi f...