Trans-Tasman Resources to go public in backdoor listing on ASX, via Manhattan Corp
By Rebecca Howard Jan. 23 (BusinessDesk) - Ironsands miner Trans-Tasman Resources will go public via a backdoor listing on the ASX using Manhattan Corp, a company associated with executive chairman Alan Eggers. The deal, which needs shareholder approval, will see Manhattan...
Juken NZ looks to halve Gisborne mill staff in bid to drive profitability
By Rebecca Howard Jan. 23 (BusinessDesk) - Juken New Zealand, a unit of Japan's WoodOne Ltd, is consulting workers at its Gisborne wood-processing mill on a plan that may see it halve the mill's workforce as it struggles to return to profitability in a highly competitive marke...
NZ services sector activity outshines manufacturing in December slowdown
By Rebecca Howard Jan. 23 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, eased in December but held up better than its sister manufacturing index, suggesting the sector is less concerned about the new government. ...
NZ dollar unchanged in local trading as markets watch US developments
By Rebecca Howard Jan. 22 (BusinessDesk) - The New Zealand dollar was unchanged in the local session as investors took a wait-and-see stance on developments in Washington after the US federal government shut down and legislators remained at an impasse on a temporary funding ag...
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