Reserve Bank governor Graeme Wheeler has told manufacturers he will intervene in currency markets if the circumstances will let him smooth the peaks and troughs, though he can’t set the level of the currency. The kiwi dropped half a US cent after the speech’s release. In a speech entitled, ‘manufacturing decline not just a dollar story’, Wheeler told the New …

Receivers for the collapsed Mainzeal Property and Construction say they hope to see work resume or responsibility returned to clients “in the near future” on the numerous projects that stopped in their tracks three weeks ago, when the receivership was announced. The second largest construction firm in the country, Mainzeal announced its receivership on Waitangi Day, Feb 6. The collapse …

Fisher & Paykel Healthcare, which makes breathing masks and respirators, lifted its full-year guidance a second time as demand for new breathing masks helps speed sales and margins widen. The shares jumped 6.8 percent on the news. Net profit would rise be about $75 million in the year ending March 31, up 17 percent from a year earlier, the Auckland-based …