The New Zealand dollar was little changed on Wednesday after being clobbered overnight in London trading. The kiwi was at 84.06 US cents at 5pm, from 83.93 US cents at 8am and 83.94 cents at 5.25pm on Tuesday. It fell from 84.19 cents to 83.75 cents overnight on Tuesday before recovering. Imre Speizer, senior market strategist at Westpac, said the …

The offer for L&M Energy from its chairman and creditor Geoff Loudon is now unconditional, having been accepted by more than 90 percent of shareholders, allowing compulsory acquisition of remaining shares. Loudon’s New Dawn Energy has acceptance for 90.25 percent of L&M by Jan. 15 and so it will move to compulsorily acquire remaining shares under the Takeovers Code. The …

Fran and I have just returned from an amazing day with some of the leading figures in developing Beijing-Hollywood. I’ll keep my remarks brief as  I wouldn’t want to spoil the video that will go up on the site in the coming days. We began the day at the magnificent Star Lake Resort – a newly built, luxury facility that will host …