The New Zealand dollar is set to end the month virtually unchanged against the greenback as US politicians try to navigate away from the fiscal cliff and trans-Tasman central banks prepare to review monetary policy next week. The kiwi traded at 82.23 US cents at 5pm in Wellington from 82.24 cents at 8am, and down from 82.41 cents yesterday. The …

The chief executive of Industrial Research Limited, the Crown Research Institute being folded into the new advanced technology institute, has announced his resignation after six and a half years spent restoring the once-ailing science body’s financial performance. Shaun Coffey said he was leaving “after careful consideration”, and following IRL’s acknowledgement in the last week through a series of awards and …

Heartland New Zealand, which expects to hear back on its banking licence application before Christmas, sees flat profit in the 2013 financial year, and has announced a pre-Christmas special dividend. The Auckland-based lender told shareholders net profit will probably be between $21 million and $24 million in the year ending June 30, 1013 at today’s annual meeting. That compares to …