Early estimate puts Kaikoura Quake insured losses at US$3.5B, with 50%+ in Wellington
By Jonathan Underhill Nov. 28 (BusinessDesk) - The insured losses from the Kaikoura earthquake could run to US$3.5 billion, with at least half of that incurred in Wellington and up to 30 percent in Canterbury, according to an early estimate by a US-based catastrophe modelling...
OceanaGold to delist from NZX to trim compliance costs
By Jonathan Underhill Nov. 28 (BusinessDesk) - OceanaGold Corp, owner of New Zealand's biggest gold mine at Macraes, is to delist from the NZX at the end of the year to reduce compliance costs, leaving its shares to trade on the ASX and the Toronto Stock Exchange. The share...
Orion Health first-half loss narrows as sales rise, expenses fall; shares drop
By Jonathan Underhill Nov. 28 (BusinessDesk) - Orion Health, the health software developer that gets two-thirds of its income in US dollars, narrowed its first-half loss after boosting sales of perpetual licences in North America and cutting operating costs such as administrat...
NZ dollar little changed as financial stability report, US jobs data loom
By Jonathan Underhill Nov. 28 (BusinessDesk) - The New Zealand dollar was little changed ahead of the Reserve Bank's financial stability report and testimony from Reserve Bank governor Graeme Wheeler on Wednesday and US labour market figures at the end of the week. The kiwi...
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