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MARKET CLOSE: NZ shares rise; NZ Oil & Gas up on Kupe, Fletcher drops on Boral
June 27 (BusinessDesk) - New Zealand shares rose as NZ Oil & Gas announced a likely upgrade to reserves in the Kupe field while Fletcher Building dropped after Australian rival Boral cuts its guidance for the second time in three months. The NZX 50 Index rose 6.45 points, or 0....
NZ dollar may extend slide on speculation EU leaders won't agree
By Hannah Lynch June 27 (BusinessDesk) - The New Zealand dollar may fall further on speculation European Union leaders will fail to agree on measures to stop the region’s debt crisis from spreading, attending their 20th summit since the turmoil began on Thursday. The New Zeal...
TrustPower in tax battle over treatment of resource consents
June 27 (BusinessDesk) - TrustPower may have to record a tax expense of as much as $3.3 million in its income statements if a dispute with the Inland Revenue Department (IRD) goes against it, according to shareholder Infratil. The contingent liabilities section of the Infratil a...