Drought effects hit agricultural economy
Drought effects hit agricultural economy
The effect of the drought earlier this year is continuing to undermine agricultural economic growth, with off-setting growth elsewhere failing to take up the slack.
Simon Hartley
PGG-Wrightson's new Mosgiel wool store on schedule
PGG-Wrightson's new Mosgiel wool store on schedule
Construction of farm supply company PGG-Wrightson's Mosgiel wool store is on target for completion by late-November.
Further pain expected for exporters
Further pain expected for exporters
Exporter anguish could be on the rise again as bank economists pick a short-term strengthening of the New Zealand dollar, following the United States Federal Reserve's surprise caution on Thursday in not relaxing its quantitative easing programme.
Positions on oil diverse as ever
Positions on oil diverse as ever
New Zealand's annual petroleum conference in Wellington this week ended in a good old-fashioned political stoush between disparate positions, reflecting public concerns with offshore, deepwater oil and gas exploration.
Expansion raises question of exploration effects
Expansion raises question of exploration effects
About 40 test holes being drilled around the country for oil and gas in the year ahead raises the question of the effects of exploration outside the traditional region of Taranaki.
Deepwater drilling likely to grow
Deepwater drilling likely to grow
Given the world's escalating energy needs and oil and gas reserves increasingly coming from deepwater exploration, the likelihood is drilling proposals around the South Island will only increase.
NZ at start of 40-year oil, gas exploration cycle: NZPAM
NZ at start of 40-year oil, gas exploration cycle: NZPAM
New Zealand is at the start of a 40-year cycle in oil and gas exploration, beginning with at least three oil rigs drilling up to 13 holes during the year ahead, government permitting agency New Zealand Petroleum and Mining (NZPAM) says.
Petroleum summit beginning today
Petroleum summit beginning today
With one of the New Zealand oil and gas exploration industry's busiest years ahead, with up to 13 test wells and possibly four rigs in the country, its annual petroleum conference begins in Wellington today.
Cash cows to boost economy
Cash cows to boost economy
The dairy sector is now rivalling the construction sector in boosting economic growth for the coming year, BNZ economist Doug Steel says.
Carbon credits boost bottom line
Carbon credits boost bottom line
City Forests has made a killing in New Zealand's emissions trading scheme, from a windfall sale of New Zealand carbon units for more than $20 each, while the open market trading price is currently $4.
CF not unhappy to be out of sawmilling market
CF not unhappy to be out of sawmilling market
While the value of City Forests' $9.1 million Milton sawmill has been written down to $3 million, the company has no regrets being out of the sawmilling market, which is showing signs of revival.
Forestry's dividend hits $4.4m
Forestry's dividend hits $4.4m
Strong international log demand will see City Forests owner the Dunedin City Council reap a record $4.4 million dividend for the year to June.
Tiwai deal opposed, papers show
Tiwai deal opposed, papers show
Treasury papers reveal it warned the Government not to give Tiwai Point aluminium plant owner mining giant Rio Tinto financial assistance - but the Government went ahead and gave it $30 million anyway.
Doubt hits gold stocks
Doubt hits gold stocks
Major gold stocks have declined in the past two and a-half weeks, as investor uncertainty prevails over the United States Federal Reserve tapering off its economic stimulus programme.
Top ten changes with re-rating
Top ten changes with re-rating
Re-rating on the New Zealand stock exchange's lucrative top 20 companies list has pushed out the ANZ bank, Freightways and Guinness Peat Group.
Rail trail stopover at Waipiata on the market
Rail trail stopover at Waipiata on the market
The Waipiata Country Hotel - which services Otago's popular cycling rail trail - has been put on the market following renovations costing more than $200,000 during the past four years.
Fuel cheaper at pumps by 3c/litre
Fuel cheaper at pumps by 3c/litre
Fuel's cost has begun to decline with the strengthening New Zealand dollar again cushioning international prices.
CxBladder shown to be 90% accurate
CxBladder shown to be 90% accurate
A New Zealand study of a new non-invasive bladder cancer test by Dunedin company Pacific Edge shows accuracy rates of 90% in identifying tumours, which could offer benefits in costs and time-saving to district health boards, patients and clinicians.
Glass Earth proposes consolidation of shares
Glass Earth proposes consolidation of shares
Glass Earth Gold is looking to consolidate its number of shares on issue, by swapping 10 old shares for one new share.
Sheep farmers' support essential for Invermay
Sheep farmers' support essential for Invermay
Southern sheep farmers are being urged to get vocal in efforts to have AgResearch drop its proposal to gut Invermay of more than 70% of its staff, and move elsewhere.