Stockton

'There's a lot of coal at Stockton'

Solid Energy chief executive Don Elder says its Stockton mine which was expected to produce coal for 3-5 years when he first became boss, now "very possibly" had a 20 year-plus extended lifetime.

Depreciation tax breaks to go

By MARTIN KAY - The Dominion Post

Property investors will bear the brunt of planned tax changes, with the Government looking to claw back $1.7 billion a year from the sector to help cut income tax rates.

Pig cells trade for stake in company

14 min ago Biotech entrepreneur Living Cell Technologies (LCT) says it has traded some of its cells from its quarantine herd of New Zealand pigs for a 10 percent stake in a US-based wound healing company.

'Equity markets still the horse to back'

14 min ago The New Zealand sharemarket is still a better bet than cash or bonds, despite it appearing to have peaked at the beginning of the year, says AMP Capital's head of investment strategy.

New GE Capital CEO

14 min ago GE Capital has promoted former managing director of retail, Skander Malcolm, as chief executive of GE Capital Australia and New Zealand.

Indices

  VALUE MOVEMENT
NZX50 3,096.351 arrow 19.900 0.64%
ASX200 4,505.070 arrow -16.300 -0.40%
DOW 9,908.390 arrow -103.800 -1.00%
NASDAQ 2,126.050 arrow -15.100 -0.70%
FTSE 5,092.330 arrow 31.400 0.60%
NIKKEI 9,932.900 arrow -18.900 -0.20%
H-SENG 19,790.280 arrow 239.400 1.20%
NZX50 20 min delay, others last close

Top Movers

  PRICE MOVEMENT
HED 3.740 arrow -0.160 -4.10%
OGC 2.650 arrow 0.100 3.92%
OIC 1.650 arrow 0.050 3.13%
CYT 0.077 arrow 0.002 2.67%
APT 0.740 arrow -0.020 -2.63%
PRC 0.900 arrow 0.020 2.27%
NPX 3.220 arrow 0.070 2.22%
Price as at 10:24 am, 10 Feb

Currencies

RATE
Australian Dollar 0.791
Euro 0.503
British Pound 0.442
Hong Kong Dollar 5.388
Japanese Yen 62.170
Singapore Dollar 0.983
US Dollar 0.693
Price as at 9:10 am, 10 Feb

Pig cells trade for stake in company

Biotech entrepreneur Living Cell Technologies (LCT) says it has traded some of its cells from its quarantine herd of New Zealand pigs for a 10 percent stake in a US-based wound healing company.

WTO decision soon on apple stoush

The Government is expected to hear at the end of next month the World Trade Organisation decision on New Zealand efforts to export apples to Australia.

Relief that key points abandoned

Return to growth depends packages

Google threatens China copycat

google china goojje Google has sent a cease and desist letter to the operators of a Chinese search website whose logo bears a close resemblance to its own.

Fonterra relaunches brands in China

Fonterra is shedding its coyness about returning to dairy manufacturing in China after a disastrous debut, saying it is relaunching two premium brands there and ultimately wants to make them in China.

AstraZeneca gets FDA green light

Macquarie flags 10pc profit rise

George Papaconstantinou

Greece unveils massive reforms

Greece has unveiled sweeping proposals to increase retirement ages, hike taxes on the Church and force street vendors to issue receipts, in a bid to appease EU partners and markets alarmed by the country's debt crisis.

Exporters, risk behind recovery

The New Zealand dollar improved against the greenback overnight, driven by exporters and a slight increase in risk appetite.

Market continues to lose ground

The New Zealand sharemarket continued to lose ground, sliding more than half a percent today to reach levels last seen more than five months ago.

Dollar halts downward slide

ASX heads south, takes Wall St cue

wall st

Wall Street reverses early gains

The Dow industrials closed below 10,000 for the first time since November  as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.

On the block: houses, tax and angry investors

The government needs to get some balls. One minute they are cosying up to us private property investors to provide them with solutions; the next minute they are treating us like pariahs. It's bizarre.''

Eight things property investors should know

Ernst & Young tax partner Jo Doolan outlines the Tax Working Group's proposals that will impact on property investors:

Live Chat: Key's speech

Time to buy, not book, a bach?

jump

Playing it safe with shares

Barbara Drury gives some expert advice on selecting safe shares for the long haul with Warren Buffett's help.

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