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high oil prices

NZOG Still In The Black Stuff

NZOG Still In The Black Stuff
(correcting H4941: correcting 10th and 11th pars, clarifying Kupe field and when Pike was opened) Wellington, Jan 30 NZPA - New Zealand Oil & Gas (NZOG) is still in the black despite low oil prices and an economic downturn, according to its December quarter activities report.

NZ Economy Dependent On US Sorting Out Finance Crisis: Cullen

New Zealand's economic fortune largely depends on the United States sorting its financial crisis, Finance Minister Michael Cullen said today.

NZ Economy Dependent On US Sorting Out Finance Crisis: Cullen

Wellington, Sept 26 NZPA - New Zealand's economic fortune largely depends on the United States sorting its financial crisis, Finance Minister Michael Cullen said today.

NZOG Full Year Net Profit Surges To $97.2m On Tui Oil Fields

Wellington, Aug 29 NZPA - New Zealand Oil & Gas has posted a surge in full year net profit to $97.2 million on the back of production from the Tui oilfields off the Taranaki coast.

Increased Inflation Expectations In RBNZ Survey

Wellington, Aug 26 NZPA - Business managers have increased expectations about inflation levels in the next few years, according to a Reserve Bank survey.

Challenging Year For NZ Exporters, Says Dun & Bradstreet

Wellington, Aug 20 NZPA - New Zealand exporters are facing a challenging year as global economic conditions deteriorate, says credit reporting agency Dun & Bradstreet (D&B).

Outlook On Air New Zealand Rating Changed

Wellington, Aug 4 NZPA - Moody's Investor's Service has changed the "outlook" comment it puts on Air New Zealand's credit rating because of weakening industry conditions.

Plenty Of Room For Interest Rate Cuts: RBNZ

Wellington, July 30 NZPA - Reserve Bank Governor Alan Bollard sees "plenty of room" for further interest rate cuts.

RB Cuts Rate, Dollar Falls

Wellington, July 24 NZPA - The Reserve Bank has cut official interest rates in the face of a slowing economy and the rising cost to banks of funds raised overseas. Reserve Bank Governor Alan Bollard today lowered the Official Cash Rate (OCR) to 8 percent from 8.25 percent.

NZ Shares Fall On US Mortgage Woes

NZ Shares Fall On US Mortgage Woes
By Catherine Harris of NZPA Wellington, July 14 NZPA - The New Zealand sharemarket fell 1.3 percent today as the United States government tried to calm markets over new troubles in the mortgage market.

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