Science and Innovation Minister Steven Joyce is happy with the close association the country”s seven Crown Research Institute have with their specific industries, even as their funding comes under review in the National Statement on Science Investment. Joyce launched the national policy on how the government plans to invest in science, research and development this week, unveiling a raft of …

Scott Technology, the industrial automation manufacturer, more than doubled annual profit as revenue was boosted by a weaker kiwi dollar and gains from its RobotWorx acquisition. Profit rose to $6.1 million in the 12 months ended Aug. 31 from $3 million a year earlier, the Dunedin-based firm said in a statement. Sales rose 20 percent to $72.3 million. Profit was boosted by a …

The New Zealand dollar gained after dairy prices rose at the latest GlobalDairyTrade auction, soothing concerns about the local economy and eroding expectations the Reserve Bank will cut interest rates this month. The kiwi rose to 65.41 US cents at 8am in Wellington form 64.99 cents yesterday. The trade-weighted index advanced to 70.77 from 70.51 yesterday. Prices for whole milk powder, New …