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Auditor-General to probe tender that gave Sky City inside running on convention centre
June 13 (BusinessDesk) - The Auditor-General will investigate how SkyCity Entertainment Group’s proposal to build a convention centre in Auckland in exchange for more pokie machines was chosen as the best option for the government. SkyCity’s shares fell 0.9 percent. The inquiry...
MRP heralds low-cost power from latest geothermal plant
By Pattrick Smellie June 13 (BusinessDesk) - State-owned MightyRiverPower expects electricity from its latest geothermal development to be lower than costs normally assumed for new geothermal power stations, and well below the assumed cost of new wind farms. In an update on it...
NZ dollar gains after ECB says Spain bailout will boost region’s financial stability
By Hannah Lynch June 13 (BusinessDesk) - The New Zealand dollar rose more than half a US cent after the European Central Bank endorsed Spain's financial bailout even as Fitch Ratings said the nation won’t meet budget-deficit goals. The New Zealand dollar rose to 77.63 US cents...
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