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NZ dollar holds gains ahead of RBNZ; investors upbeat on European stability

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'...

13 Jun 2012
NZ opens Northland to mineral explorers after consulting local Maori, councils

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...

13 Jun 2012
Local government carrying ‘relatively low’ debt levels, English says

Local government carrying ‘relatively low’ debt levels, English says

By Jonathan Underhill June 13 (BusinessDesk) – New Zealand's 78 local authorities are carrying a relatively low level of debt, Finance Minister Bill English has conceded when asked how councils could contribute to the nation’s spending on infrastructure. The local authorities...

13 Jun 2012