The New Zealand dollar advanced as traders who had bet on the currency’s decline took profits ahead of the Reserve Bank interest rate decision tomorrow. The kiwi rose to 66.32 US cents at 8am in Wellington, from 65.89 cents at 5pm yesterday. The trade-weighted index gained to 70.37 from 70.21 yesterday. The Reserve Bank is expected to cut the official cash …

By Fiona Rotherham July 22 (BusinessDesk) – Shareholders of AWF Madison Group, the country’s largest recruiter and labour provider, have voted in favour of a $150,000 increase in the directors’ fee pool at the annual general meeting in Auckland today to cover an enlarged board and give long-time directors their first pay rise in five years. The annual pool will …

By Fiona Rotherham July 22 (BusinessDesk) –  Al Monro has been appointed to the board of government-funded business innovation agency Callaghan Innovation, replacing Sir Peter Maire who’s stepping down after two years to focus on his business interests. Callaghan Innovation was set up in 2013 to support kiwi businesses in science and technology-based commercialisation. Board chair Sue Suckling said Maire, …