Michael Hill International, the jewellery chain named for its founder, has appointed Icebreaker executive chairman and former Air New Zealand boss Rob Fyfe as a new director. The appointment takes the retailer’s board to eight directors, of which four, including Fyfe, are independent, the company said in a statement. Fyfe was chief executive of the national carrier between 2005 and …

The New Zealand dollar hit a six-year high against the yen this morning and may trend higher this year reflecting the divergent paths of the nations’ central banks. The kiwi touched 86.90 yen this morning, the highest level since February 2008, and was trading at 86.85 yen at 8am in Wellington, from 85.67 yen at 5pm on Friday. The local …

Following Wall Street’s lacklustre start to 2014, the latest US jobs data will take centre stage to gauge the odds that Federal Reserve policy makers might announce a further easing of their bond-buying program after their meeting at the end of this month. This week will see the release of the latest ADP employment report, weekly jobless claims and, importantly, …