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Norway's Statoil quits Reinga Basin
By Paul McBeth Oct. 14 (BusinessDesk) - Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was "too low". The Norwegian company will return the two exploration permits for the area...
NZ dollar rises from 10-month low as weak Chinese export data stoke concern
By Paul McBeth Oct. 14 (BusinessDesk) - The New Zealand dollar rose from a 10-month low as weaker-than-expected Chinese trade figures deflated some optimism in global markets that's been underpinning the greenback's strength. The kiwi gained to 70.88 US cents at 8am in Wel...
Rocketman Peter Beck wins EY NZ Entrepreneur of the Year
By Fiona Rotherham Oct. 14 (BusinessDesk) - Rocket Lab founder Peter Beck, who plans to test-fire a one million-horsepower Electron rocket from the East Coast’s Mahia Peninsula later this year, has been named as the 2016 EY New Zealand Entrepreneur of the Year. A date hasn’...
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