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  Face-to-Face is a new feature from newzealandinc.com where we sit down for a chat with young business leaders from around the globe. We’ll be running a special series of these from China where we talk to young New Zealanders doing big things on the ground here. Shifting lenses and taking a look at China from the perspective of a …

The government’s flagship innovation vehicle, Callaghan Innovation, will be led by Mary Quin. Described by Business, Innovation and Employment Minister Steven Joyce as “an exceptional New Zealander with an impressive track record of working in the US engineering and technology sector,” Quin trained as a material scientist, with a doctorate from Northwestern University, Illinois. A graduate of Canterbury University’s engineering …

Solid Energy opposed the government’s pressure to load more debt on its balance sheet in 2009, but the biggest driver of the $389 million debt that has driven the company into crisis were decisions of its own to invest in the open-cast Stockton and underground Spring Creek mines. The financially distressed state coal miner’s former chairman and chief executive, John …

New Zealand shares rose after the Reserve Bank sparked a drop in the kiwi dollar, lifting prospects for companies with export sales such as Fisher & Paykel Healthcare. Xero rose to a record again, hitting $10 for the first time. The NZX 50 Index rose 39.95 points, or 0.9 percent, to 4381.09. Within the index, 26 stocks rose, 14 fell …

The New Zealand dollar sank to a four-month low against the greenback after the Reserve Bank threatened to cut interest rates if the currency appreciates unreasonably, and tumbled to a two-month low versus the Australian dollar after better than expected jobs figures across the Tasman. The kiwi fell to 81.74 US cents at 5pm in Wellington from 82.60 cents immediately …

The Reserve Bank’s prospective new toolkit to iron out asset bubbles won’t be able to stop a rampant Auckland housing market when it comes into play later this year, and would have a smaller impact than a rate hike. Deputy Governor Grant Spencer told Parliament’s finance and expenditure committee the macro-prudential tools currently being consulted on won’t stop Auckland’s “housing …

The New Zealand dollar dropped by about 1 US cent and swap rates fell after the Reserve Bank warned a surging kiwi for no good reason may force a rate cut, and said it doesn’t plan to budge on the official cash rate this year. The kiwi dollar sank as low as 81.63 US cents from 82.60 cents immediately before …

The New Zealand dollar tumbled almost 1 US cents after the Reserve Bank said interest rates will remain at a record low through this year and hinted at a cut to the official cash rate if the currency was higher than justified by economic fundamentals. The kiwi fell to 81.66 US cents from 82.60 cents immediately before the statement. The …

A sharp drop in an over-valued New Zealand dollar that created inflationary pressure would need a monetary policy response, according to the Reserve Bank. The Reserve Bank has revised up its projections for the local currency on a trade-weighted basis as the kiwi remains in favour against the backdrop of increasingly upbeat global financial markets and a flood of money …

Reserve Bank governor Graeme Wheeler held the official cash rate at 2.5 percent, as expected, saying the benchmark rate is expected to move this year amid an uneven economic recovery. The kiwi dollar dropped on the news “The overvalued New Zealand dollar is undermining profitability in export and import competing industries, and worsening drought conditions are creating difficulty in much …