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MARKET CLOSE NZ shares mixed in post-results hiatus; Mainfreight down, AIA up
March 22 (BusinessDesk) – New Zealand shares were mixed in the post-earnings, ex-dividend hiatus. Mainfreight extended its decline after saying earnings would miss estimates and Auckland International Airport rose after reporting monthly passenger growth. The NZX 50 Index edged...

NZ dollar heads for 1.2 percent gain on TWI as economy grows, speculation on Fonterra payout
March 22 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent weekly gain on a trade-weighted basis after figures showed the economy grew at almost twice the Reserve Bank's expected pace in the fourth quarter and amid talk Fonterra Cooperative Group may hike its...

Reserve Bank seeks tougher powers on payment systems
March 22 (BusinessDesk) - The Reserve Bank is seeking to strengthen its oversight over payment and settlement systems, and wants to bring the financial markets watchdog on side to help with securities market settlement systems. The central bank is seeking submissions on propos...