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NZ Dollar At New 11-Month Low Vs US Dollar As Oil Falls Further

Wellington, Aug 12 NZPA - The New Zealand dollar fell to an 11-month low against the greenback shortly before 8am today, as the US currency gained while the price of oil continued to fall.

Solid Start To Week For NZ Sharemarket

by Pam Graham of NZPA Wellington, Aug 11 NZPA - The New Zealand sharemarket started the week solidly, after US stocks ended last week by soaring.

Solid Start To Week For NZ Sharemarket As Oil Plunges, NZD Shaky

Wellington, Aug 11 NZPA - The New Zealand sharemarket started the week solidly, after US stocks ended last week by soaring after oil prices plunged.

Australian Oil, Gas Explorer Set To Drill Offshore From Dunedin

Wellington, Aug 8 NZPA - Australian-based Origin Energy Ltd says it will drill for oil in deep water off the Dunedin coast.

Pohokura Oil And Gas Reserves Lifted

Wellington, Aug 7 NZPA - Oil and gas reserves in this country's largest petroleum field at Pohokura, offshore from New Plymouth, have both been lifted.

NZ Shares Down 0.7 Pct But Avoid Heavier Selldowns Offshore

By Melanie Carroll of NZPA Wellington, Aug 5 NZPA - New Zealand shares turned negative today, but managed to avoid heavier falls seen offshore after Wall Street was sold off.

NZ Sharemarket Slips Early As Telecom Eases

Wellington, Aug 5 NZPA - The New Zealand sharemarket slipped early, following in the footsteps of US equities, and as top stock Telecom shed 4c . Around 10.10am today the benchmark NZSX-50 index was down 4.71 points to 3314.51, having gained 16 points yesterday.

$100m Investment In NZ Shelved Because Of Biofuel Bill

Wellington, Aug 1 NZPA - British biofuel producer Argent Energy says it is shelving plans to invest more than $100 million in New Zealand. Dickon Posnett, managing director of Argent Energy's New Zealand subsidiary, said the proposed Biofuels Bill made the playing field too uneven.

Warehouse Down, But Wider Market Gains

by Pam Graham of NZPA Wellington, July 31 NZPA - Shares in retailer The Warehouse tumbled today, following a Court of Appeal decision preventing takeover bids by Woolworths and Foodstuffs.

TAG Says Making $68 On Each Barrel Of NZ Oil It Takes

Wellington, July 31 NZPA - The company controlling New Zealand's Cheal oilfield, oil and gas producer and explorer, TAG Oil Ltd, says it was making $US50 ($NZ68) surplus on every barrel of oil it pumped out of the field last year.

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