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MARKET CLOSE: NZ shares fall; SkyCity drops on convention centre probe
June 13 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index to a three-month low, after the Auditor-General announced an inquiry into Sky City Entertainment Group’s bid to build a convention centre and Restaurant Brands shed its dividend. The NZX 50 fell 43.86 po...
NZ dollar holds gains ahead of RBNZ; investors upbeat on European stability
By Paul McBeth June 13 (BusinessDesk) - The New Zealand dollar held gains in local trading ahead of tomorrow's Reserve Bank monetary policy review, which is tipped to keep interest rates on hold, and as investors get more optimistic about a coordinated policy response to Europe'...
NZ opens Northland to mineral explorers after consulting local Maori, councils
By Hannah Lynch June 13 (BusinessDesk) - The Ministry of Economic Development's Petroleum & Minerals unit is inviting bids for minerals exploration permits in Northland, keeping the tender area unchanged after consultation with local iwi and councils. Up for grabs is the rig...