Co-founder of SLI Systems Geoff Brash, who last week halved his stake in the search engine developer, has resigned as vice president from the company as the shares trade at a record low. Brash will end 13 years with the company when he formally resigns as vice president from Business Intelligence at the end of this year, the Christchurch-based company said in a statement …

New Zealand stocks rose, paced by Spark New Zealand as investors were lured to the local bourse’s relatively high yields. Infratil rose as it sealed the sale of its Australian energy assets and signalled a capital return. Genesis Energy fell as it shed rights to its dividend. The NZX 50 Index rose 19.546 points, or 0.4 percent, to 5274.583. Within the index, …

The New Zealand dollar fell against the greenback as weak retail data in Australia sapped investors’ appetite for the trans-Tasman currencies, and as improving US data stokes demand for the world’s reserve currency. The kiwi fell to 77.77 US cents at 5pm in Wellington, from 77.91 cents at 8 am and 78 cents at 5pm yesterday. The trade weighted index rose to …