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Oi well to start again after drilling difficulties
By Pattrick Smellie Jun. 10 (BusinessDesk) - The cost of the US$27 million exploratory oil and gas Oi well offshore Taranaki has risen to US$40 million, largely as a result of the drilling partners being forced to plug and abandon the first well, which The Oi-1 well is a p...
China slowdown, weaker commodity prices, drop in house prices biggest risks to NZ: IMF
By Jonathan Underhill Jun. 10 (BusinessDesk) - A sharp slowdown in China's growth, financial market volatility, a sustained decline in commodity prices and a drop in house prices are the biggest potential risks facing the New Zealand economy, according to an assessment by the...
NZ first quarter manufacturing sales volumes rose 0.5%
By Tina Morrison Jun. 10 (BusinessDesk) - New Zealand manufacturing sales volumes rose a seasonally adjusted 0.5 percent in the first quarter, led by gains in chemical and petroleum manufacturing. Chemical, polymer, and rubber product manufacturing volumes rose 8.5 percent...
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