Telecom and Ebos up as NZ shares buck the trend
The New Zealand sharemarket rose yesterday when many other markets were weak and a large volume was traded in the shares of New Zealand Oil & Gas, the 29 per cent shareholder of Pike River Coal Ltd.
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SCF's biggest asset - Auckland's Hyatt sold
Hyatt Regency Auckland hotel - the single biggest loan book asset of South Canterbury Finance - has been sold for between $50m and $60m.
NZOG shares down a third after Pike River trading halt
New Zealand Oil & Gas has shed as much as a third of its market value when the shares resumed trading this afternoon after being halted for the Pike River Coal mine explosion.
Pike River says mine damage evaluation 'down the line'
Pike River Coal says work on evaluating the impact on its West Coast mine of Friday's explosion is "down the line", as it focuses for now on finding the 29 men unaccounted for.
Eurozone future not bright, despite Irish rescue
Ireland's travails may be short-lived, but the eurozone's future is not looking good.
Interest rates to rise if credit rating cut
Standard and Poor's has put NZ on notice of a possible downgrade to its credit rating unless it reduces its reliance on imported savings.
Oz shares catch ride on rail float
The Australian stock market closed higher on a day when trade was dominated by the public float of Queensland freight railways, QR National.
Fletcher and Contact Energy gain as market rises
Trading in Pike River Coal shares was suspended and trading in the shares of its biggest shareholder New Zealand Oil & Gas (NZOG) was halted yesterday as the investment community extended their sympathies and also waited for news.
Shock S P change sends kiwi falling
The New Zealand dollar fell one US cent in minutes when credit rating company Standard & Poor's changed the outlook on the country's long-term currency rating.