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Bathurst Resources needs extra day to complete capital raising via discounted offer
April 14 (BusinessDesk) - Bathurst Resources says it needs an extra day to complete a discounted share placement raising funds to develop its controversial Escarpment open-cut coal mine on the Denniston Plateau near Westport. The Wellington-based mining company would raise as m...
Local body tax idea ‘a bit rich’, says Key
April 15 (BusinessDesk) – Prime Minister John Key made it clear he is no fan of a push by the local government lobby to be allowed to raise local taxes other than through property rates, saying the proposal is “a bit rich”. Local Government New Zealand proposed a new approach to...
While you were sleeping US consumers, Citigroup
By Margreet Dietz April 15 (BusinessDesk) – Wall Street rose as solid US retail sales data and better-than-expected results from Citigroup calmed frayed nerves and reassured some investors about the outlook for the world’s largest economy and corporate profits. A Commerce Depar...
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