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MARKET CLOSE NZ shares rise as GPG talks up Tower’s value, Port of Tauranga falls
By Hannah Lynch Aug 29 (BusinessDesk) - New Zealand shares rose, led by Tower after Guinness Peat Group said the insurer’s stock doesn’t reflect the value of its businesses. Port of Tauranga fell from an all-time high after confirming another record full-year profit. The NZX 5...

GPG gives nod to sweeter ClearView bid
By Paul McBeth Aug. 29 (BusinessDesk) - Corporate raider Guinness Peat Group has given the nod to a better offer for ASX-listed financial services firm ClearView Wealth after turning its nose up at the original bid of A$220 million. Buyout firm Crescent Capital Partners, via ho...

NZ dollar little changed vs. Australian counterpart as pessimism grows across the Tasman
By Paul McBeth Aug. 29 (BusinessDesk) - The New Zealand dollar inched up against its Australian counterpart as pessimism grows about the strength of Australia’s economy after tepid house sales yesterday and rising fears the resources boom may come to an end. The kiwi traded at...