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The New Zealand dollar weakened against its US counterpart amid speculation growth in the world’s largest economy may spur the Federal Reserve to reduce stimulus, known as quantitative easing. The kiwi fell to 81.56 US cents from 81.82 cents at 5pm yesterday. The trade-weighted index was little changed at 77.15 from 77.10 yesterday. Investors are looking to Federal Reserve Chairman …

Wall Street gained, touching records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should maintain its current bond-buying program to help bolster growth. In a speech in Frankfurt, Germany, Bullard recommended the Fed “continue with the present quantitative easing program, adjusting the rate of purchases appropriately in view of incoming data on both real …

Sealegs Corp, which makes amphibious boats, posted a return to full-year profit after raising prices while sales of its vessels slipped. Profit was $204,000 in the 12 months ended March 31, from a loss of $1.86 million a year earlier, the Auckland-based company said in a statement. Sales rose about 19 percent to $16.4 million. The company sold 104 boats …

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By Brierley Penn Boarding the bus to Andrew’s Air Base at 7am this morning was a notably jaded delegation. After three days of networking, conferencing, 6am starts and a little bit of sightseeing, the group was understandably looking forward to the relative luxury of a five hour sleep on the plane trip to LA. However, in Washington D.C. a trip …

After both an interesting and thought provoking first day of the Partnership Forum, the second and final session of the program began with an address from our Trade Minister Tim Groser. He set the stage for a day of discussion focused more towards the public sector with trade, security and foreign policy atop the agenda. Two plenary sessions which incited …

The South African High Court has issued a damning judgment saying Huka Lodge owner Alex van Heeren made deliberate misrepresentations to his former business partner Michael Kidd inducing him to sign away his rights to a share in worldwide assets claimed to be worth $US25million – $US30 million. Judge Kathy Satchwell has declared void the January 18, 1991 indemnity agreement …

“You are not the first people to walk this earth,” that’s how Pulitzer Prize winning author David Hackett Fischer yesterday dealt with (note not ‘dealt to’) clear impatience by some Future Partners’ to have a bigger role in the actions that will determine our combined futures. “You can learn from experienced people as we learn from the experience of the …

newzealandinc.com interviews Johanna Shelton of Google to get her perspective on New Zealand business and the Trans Pacific Partnership.

By Brierley Penn “Information is power,” said Alan Bersin, US Assistant Secretary of Homeland Security for International Affairs and Chief Diplomatic Officer in his address to the US-NZ Partnership Forum this morning. But the traditional messages that we have taken from this, that power derives from hiding and preserving information, must change in the context of international security. In a …