Trans-Tasman Resources appeals iron sands ruling
By Paul McBeth Dec. 27 (BusinessDesk) - Trans-Tasman Resources has been granted leave to appeal a High Court decision quashing its consent to mine iron sands off the Taranaki coast. The Court of Appeal decided to hear arguments from both the would-be iron sands miner and t...
NZ dollar treads water as US markets rebound on upbeat retail sales
By Paul McBeth Dec. 27 (BusinessDesk) - The New Zealand dollar was largely left on the sidelines as US stock markets recovered on Boxing Day when Amazon and other retailers mounted a comeback on strong consumer spending. The kiwi traded at 67.17 US cents as at 8.30am in We...
Infratil to help finance sale of NZ Bus to private equity for up to $240M
By Paul McBeth Dec. 24 (BusinessDesk) - Infratil has agreed to sell its NZ Bus unit to Next Capital for up to $240 million, but will help the Australian private equity firm pay for it. Announced after the New Zealand market had closed, Infratil said it's reached a conditio...
MARKET CLOSE: NZ shares edge higher in thin Christmas Eve trading
By Paul McBeth Dec. 24 (BusinessDesk) - New Zealand shares gained in shortened Christmas Eve trading, shaking off the negative lead set by Wall Street's decline on Friday night, with defensive stocks such as property investment firms and power companies among the gainers. ...
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