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MARKET CLOSE NZ shares rise as Telecom sells AAPT, power companies bounce
Dec. 9 (BusinessDesk) – New Zealand shares rose after Telecom announced the sale of its AAPT unit in Australia at a higher price than expected and Contact Energy led gains among power companies beaten up by fears of a Labour-Greens government next year. The NZX 50 Index rose 4....
NZ dollar holds gains after upbeat Chinese trade, US jobs growth misses optimistic forecasts
By Paul McBeth Dec. 9 (BusinessDesk) - The New Zealand dollar held gains in local trading after figures on the weekend showed China lifted exports by more than expected last month, and after strong US jobs growth on Friday undershot optimistic forecasts by some traders. The k...
EPA wrongly delegated duty to Maritime NZ in Anadarko permit, Greenpeace lawyer says
By Paul McBeth Dec. 9 (BusinessDesk) - The Environmental Protection Agency wrongly delegating responsibility for assessing the environmental impact of an oil spill when it gave an exploration permit to Texan oil company Anadarko, counsel for Greenpeace New Zealand told the High...
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