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Another Taranaki well comes up dry
By Pattrick Smellie Aug. 26 (BusinessDesk) - The string of unsuccessful offshore oil exploration wells continues, with the Whio-1 well to be plugged and abandoned, despite hopes it would find commercial quantities of hydrocarbons because of its proximity to the producing Maari...
NZ turns to a trade deficit in July, led by falling log prices
By Tina Morrison Aug. 26 (BusinessDesk) - New Zealand posted its first monthly trade deficit in nine months in July, led by falling prices for export logs and wood products. Statistics New Zealand said the country had a trade deficit of $692 million in July, bigger than the...
Auckland Airport meets guidance with 11% gain in underlying earnings
By Jonathan Underhill Aug. 26 (BusinessDesk) - Auckland International Airport, the country’s main gateway, reported an 11 percent gain in full-year underlying earnings, broadly in line with guidance it gave in the first half, as aeronautical charges led a gain in revenue that...
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