New Zealand stocks rose, pushing the NZX 50 Index to a new record, as investors welcomed Fisher & Paykel Healthcare’s continued release on new products and the Reserve Bank said it had intervened in the currency market to try to force the kiwi down. The NZX 50 rose 18.55 points, or 0.4 percent, to 4640.27. Within the index, 23 stocks …

The New Zealand dollar dropped to a two-week low after the Reserve Bank confirmed its first intervention in currency markets for six years, and after it took a shot at the country’s bubbling property market. The kiwi fell as low as 83.62 US cents, trading at 8397 cents at 5pm from 84.55 cents at 8am and 84.94 cents yesterday. The …

Solid Energy says it will cut 105 jobs, adding to 440 already shed as the unprofitable state-owned coal miner shrinks its focus back to coal after piling on debt as part of a grandiose expansion strategy. Solid Energy has been in talks with its banks and Treasury officials as part of a wide-ranging review of the business, which posted a …