By Ian Llewellyn of NZPA Wellington, Nov 13 NZPA - Treasury has painted a very ugly economic picture for the incoming National government with cash deficits increasing, growth shrinking, tax revenue diminishing and unemployment rising.

By Ian Llewellyn of NZPA Wellington, Nov 13 NZPA - Treasury has painted a very ugly economic picture for the incoming National government with cash deficits increasing, growth shrinking, tax revenue diminishing and unemployment rising.

Wellington, Nov 12 NZPA - The New Zealand sharemarket slid today as Asian shares fell for a second day after another poor session for equities in the United States.

Wellington, Nov 12 NZPA - A hunt is on for oil in Tasman Bay, with an Australian company undertaking in a seismic survey off the west coast of D'Urville Island, northeast of Nelson.

Wellington, Nov 12 NZPA - The New Zealand sharemarket slid in early trade today, following another poor session for equities in the United States.

Wellington, Nov 11 NZPA - The "jackup" oilrig ENSCO 107 has arrived at the sited for the Maari oilfield's wellhead platform off the coast of Taranaki and is preparing to start work on development drilling.

Wellington, Oct 29 NZPA - New Zealand Oil & Gas has $245 million in cash and is looking to "transact a couple of really good deals" in the next six to eight months.

Wellington, Oct 28 NZPA - New Zealand Oil & Gas has fully paid its debt on the Kupe gas project but retained the $125 million debt facility to ensure ready access to funds, if wanted.

Wellington, Oct 24 NZPA - The New Zealand sharemarket gave up early gains to close down and turnover was extremely light ahead of the long holiday weekend. The benchmark NZSX-50 index closed down 28.793 points, or 1.026 percent, at 2778.546. Turnover was worth just $51.59 million.

Wellington, Oct 24 NZPA - The Azerbaijan government says it will ship one million barrels of oil to an Auckland company on November 1.