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MRP heralds low-cost power from latest geothermal plant
By Pattrick Smellie June 13 (BusinessDesk) - State-owned MightyRiverPower expects electricity from its latest geothermal development to be lower than costs normally assumed for new geothermal power stations, and well below the assumed cost of new wind farms. In an update on it...
NZ dollar gains after ECB says Spain bailout will boost region’s financial stability
By Hannah Lynch June 13 (BusinessDesk) - The New Zealand dollar rose more than half a US cent after the European Central Bank endorsed Spain's financial bailout even as Fitch Ratings said the nation won’t meet budget-deficit goals. The New Zealand dollar rose to 77.63 US cents...
While you were sleeping: Hope for Fed lifeline
By Margreet Dietz June 13 (BusinessDesk) - Investors opted to rekindle optimism the US Federal Reserve will come up with measures to help spur the pace of growth soon, triggering a rally on Wall Street. Fed Bank of Chicago President Charles Evans told Bloomberg News he would su...
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