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OceanaGold investigates death at Didipio mine
By Paul McBeth July 17 (BusinessDesk) - OceanaGold, which operates the Macraes gold mine near Dunedin, is investigating the death of a contract worker at its Didipio mine project in the Philippines. The mine was hit by a severe storm leading to the death of a male Filipino nat...
Argosy reaches $10m insurance settlement on Chch property
July 17 (BusinessDesk) - Argosy Property said it has reached a $10 million insurance settlement on its quake-hit Foundry Drive, Christchurch property. The former trust said the property's book value before the Christchurch quakes was $12.5 million and the $10 million is a net m...
Swap rates fall as tepid NZ inflation cools case for rate hike
By Paul McBeth July 17 (BusinessDesk) - The New Zealand dollar and swap rates fell as the nation's tepid inflation figures may push out the timing of future interest rate hikes as household demand remains weak. The two-year swap rate fell 3.3 basis points to a month-low 2.58 p...