R&D spend main measure of success for Callaghan Innovation, Goldsmith says
By Rebecca Howard June 7 (BusinessDesk) - The government's principal means of evaluating the success of Callaghan Innovation, the agency tasked with accelerating the commercialisation of innovation, is how much businesses are spending on research and development, Science and I...
NZ dollar gains on US dollar weakness, soft Australian data
By Rebecca Howard June 6 (BusinessDesk) - The New Zealand dollar extended its gains against a broadly weak US dollar and rose against the Aussie after Australia's first quarter current account data disappointed investors and the Reserve Bank of Australia kept interest rates o...
Air New Zealand wins four contracts with US Navy to service gas turbines
By Rebecca Howard June 6 (BusinessDesk) - Air New Zealand said its gas turbines business has won four contracts worth up to US$42 million to service and overhaul gas turbines that power much of the US Navy’s fleet. The contracts are to service and overhaul General Electric...
Kiwi/Aussie parity could be back on the cards but not overnight
By Rebecca Howard June 6 (BusinessDesk) - The diverging fortunes of the Australian and New Zealand economies are once again fueling talk of parity between the two nations' currencies, although traders don't expect it to happen overnight. The kiwi dollar gained about 4 per...
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