Pacific Edge undertakes $8 million share placement
By Rebecca Howard Feb. 15 (BusinessDesk) - Cancer diagnostics company Pacific Edge has undertaken an $8 million share placement to institutional and other select investors in New Zealand in order to shore up its balance sheet. The placement was undertaken at no discount to...
NZ dollar falls vs Aussie on China data, upbeat business across theTasman
By Rebecca Howard Feb. 14 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after a strong business survey across the Tasman and better-than-expected data out of China. The kiwi declined to 93.52 Australian cents as at 5 pm in Wellington from 93.92 ...
Second attempt at seabed iron sands mining permit kicks off
By Rebecca Howard Feb. 14 (BusinessDesk) - Trans Tasman Resource will try again in hearings starting this week to get permission to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone. The hearings, which start in Wellington on Feb. 16 and are sche...
Targeted building assessments reveal no threat to public safety, says Wellington City Council
By Rebecca Howard Feb. 14 (BusinessDesk) - Engineering reports into a raft of Wellington buildings in the wake of the massive November earthquake have uncovered some damage but no threat to public safety, Wellington City Council officials said today. Mayor Justin Lester sai...
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