The Reserve Bank might be able to accelerate inflation to its target 2 percent sooner than expected if it cuts rates, but that would come at the expense of plumping an already bubbling property market, assistant governor John McDermott says. The ‘Think Big’ projects of the 1970s are evidence that sustainable long-term growth can’t be achieved by “tolerating a bit …

ASX-listed nib holdings has named Abano Healthcare managing director Alan Clarke as chairman of Tower Medical Insurance, the business it acquired from Tower last year for $102 million. Nib, an Australian private health insurer, said it is also well advanced in appointing a New Zealand-based chief executive for Tower Medical, the nation’s second-largest health insurer with about 13 percent market …

New Zealand manufacturing expanded for a third month to reach the highest level in a year in February, driven by an accelerating pace of production and new orders. BNZ-Business New Zealand Performance of Manufacturing Index rose 1.1 points to 56.3, the highest since February 2012. All five of the seasonally adjusted diffusion indexes expanded last month. Food, beverage and tobacco …