Energy Mad, which raised $5 million in an initial public offering last year to kick start sales of its energy-efficient light bulbs, said annual earnings will be at the lower end of guidance after delays slowed sales in Australia and the US. It got a $1 million injection from SuperLife Investments. Last month the Christchurch-based company cut its 2013 annual …

SkyCity Entertainment Group said it will spend more than A$300 million redeveloping its Adelaide Casino after concluding 2 ½ years of negotiations with the state government over the size of the operation, exclusivity and taxes. write my essay Key terms of the agreement include an extension of the company’s exclusivity in the state for table games, automated table games and …

OceanaGold, which operates the Macraes gold mine near Dunedin, sees gold production climbing by as much as 44 percent in 2013 and at a much cheaper production cost as its Didipio mine in the Philippines kicks off. The Melbourne-based company sees gold production of between 285,000 ounces and 325 ounces at a cash cost of between US$650 per ounce and …

OceanaGold, which operates the Macraes gold mine near Dunedin, sees gold production climbing by as much as 44 percent in 2013 and at a much cheaper production cost as its Didipio mine in the Philippines kicks off. The Melbourne-based company sees gold production of between 285,000 ounces and 325 ounces at a cash cost of between US$650 per ounce and …

The New Zealand dollar fell against the euro as the common currency climbed against most of its trading peers after Standard & Poor’s upgraded Greece and Spain managed to sell all the debt it targeted in its last auction of the year. The kiwi dollar fell to 63.62 euro cents from 64.07 cents at 5pm yesterday in Wellington. The local currency …

 Wall Street climbed amid signs that budget talks between US Democrats and Republicans are finally progressing, raising optimism an agreement to avoid the so-called fiscal cliff will be reached by the year-end deadline. President Barack Obama is said to have offered House Speaker John Boehner a lower target for new tax revenue. The two met at the White House yesterday. …

Prices of dairy products rose in the final GlobalDairyTrade auction of the year, though whole milk powder, the biggest product by volume, fell for the fourth sale in a row, The GDT-TWI Price Index rose 1.1 percent compared to the last sale two weeks ago. The average winning price rose to US$3,311 a metric tonne from US$3,290 a tonne in …

New Zealand shares rose, led by Telecom as equity markets worldwide took heart from signs of progress on fiscal cliff talks in Washington that may help the US economy avoid recession. Tech stocks Diligent Board member Services and Xero both made new highs. The NZX 50 Index rose 12.76 points, or 0.3 percent, to 3979.25. Within the index, 19 stocks …

Telecom chief financial officer Nick Olson has left the second-biggest company on the stock exchange to take control of the finances of Fletcher Building, the biggest company on the bourse. Fletcher chief executive Mark Adamson said he was delighted Olson agreed to the join the company from April next year, replacing long-serving chief financial officer Bill Roest, who retires next …

The New Zealand dollar was little changed in local trading as traders await US talks to avert the US$600 billion fiscal cliff and after New Zealand’s Treasury pared back its growth forecasts. The kiwi traded at 84.42 US cents at 5pm in Wellington from 84.36 cents at 8.30am and 84.39 cents yesterday. The trade-weighted index was 75.26 from 75.27 yesterday. …