
Digging in for hard times as boom busts
Western Australia, the state that led the mining boom, is now bleeding, shedding thousands of jobs, sacking public servants, and battling a sharply declining economy.
Western Australia, the state that led the mining boom, is now bleeding, shedding thousands of jobs, sacking public servants, and battling a sharply declining economy.
Technology manufacturer Rakon has responded to a query from the Shareholders Association regarding an "unusual" rise in its share price in the lead-up to a major announcement last week.
In her judgment against what was in many respects a phantom company on trial, Judge Jane Farish was clear about where the buck should stop, writes Fran O'Sullivan.
Herein lies the opportunity for NZ, writes Frank Duffield. Its resource base is largely underexplored, and world-scale natural gas discoveries are quite possible.
Xero, the Kiwi accounting software provider that's yet to turn a profit, is now worth more than $2 billion.
The Winklevoss twins, the square-jawed entrepreneurs best known for their bitter wranglings over Facebook, have turned their attention to dragging Bitcoin out of the shadows and into the mainstream.
Motorists will face petrol price rises tomorrow, with a three cents a litre government tax increase, pushing total tax on petrol to about 42.7 per cent of the pump price.
Infant formula is clearly where the action is on the international dairy markets.
It's been a roller coaster week for the New Zealand share market. The NZX 50 fell more than 1 per cent on Tuesday as the Chinese stockmarket fell to its lowest level in four years amid fears of a credit squeeze slowing its economy.
China's Bright Dairy will retain four seats on the eight-member Synlait Milk board, despite the likelihood it will lose its majority ownership status.
The New Zealand dollar traded sharply lower yesterday in response to a resurgent United States dollar.
Well-connected lobbyists Saunders Unsworth worked with Solid Energy, Treasury and Cabinet Ministers to thwart questions about the company's problems.
Europe's main stock markets rode out a rollercoaster session after heavy losses in Tokyo on investor fears of central banks pulling the plug on their extraordinary stimulus measures.
Shares in cloud-computing software company Xero hit a new high yesterday despite the NZX 50 index having another day in the red.
An independent review of events leading to Solid Energy's near collapse has raised questions.
Solid Energy withheld financial information from Treasury when challenged on its business plans in what an independent report says was a pattern of disrespect.
An independent review of events leading to Solid Energy's near-collapse has raised questions over Treasury's response to early warning signs of trouble.
The NZX-50 had a flat day yesterday, barely halting its downward trend which kicked off on May 13 - just days after the listing of Mighty River Power.