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World Week Ahead Traction hard to find
By Margreet Dietz Aug. 13 (BusinessDesk) - Global equities continue to edge higher on hopes that central bankers will bail everyone out, though there isn't a lot of conviction in that premise amid continuing signs that growth remains stalled -- at best. Expectations that centra...
NZ Oil and Gas abandons deep-water Barque oil permit
Aug. 10 (BusinessDesk) - New Zealand Oil & Gas has handed back the deep-water Barque exploration permit, off the Canterbury coast, to the government after its partners agreed it was too risky. The Wellington-based company has returned the PEP 38259 after "an extensive technica...
MARKET CLOSE NZ shares rise paced by Telecom, Contact, NZ Refining on earnings optimism
By Hannah Lynch Aug 10 (BusinessDesk) - New Zealand shares rose, paced by Telecom, Contact Energy and NZ Refining in the lead up to an earnings season some analysts say will beat estimates. The NZX 50 Index rose 5.81 points, or 0.16 percent, to 3577.79. Within the index, 20 st...
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