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Green lobby cries foul on draft EEZ oil exploration rules

he government is ploughing ahead with proposals that would continue to shield deep-sea oil explorers from public scrutiny of their plans to drill exploration wells in New Zealand’s Exclusive Economic Zone. college essay writing services Environment Minister Amy Adams has released draft regulations governing the EEZ to replace the transitional arrangements which are currently in place, and which saw Texan …

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Chorus shares rally after vote of confidence from Milford, ACC ups stake

Shares in Chorus climbed 8 percent in early trading after Milford Asset Management yesterday said the regulatory uncertainty hanging over the network operator was fully priced in, and the investment arm of the Accident Compensation Corp lifted its holding in the telecommunications company. The stock rose as high as $1.50, and recently traded at $1.48, up 11 cents from yesterday, …

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NZ manufacturing activity grows in November, BNZ-BusinessNZ PMI shows

New Zealand manufacturing activity expanded in November, with high orders and lean inventory suggesting the pick-up in production will continue. The BNZ-BusinessNZ seasonally adjusted PMI rose to 56.7 in November from 55.9 in October and 50.2 in November last year. A reading above 50 signals expansion. The manufacturing sector has been in expansion for 14 consecutive months, with the PMI …

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