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Most donated cash went to telemarketing: Epilepsy NZ

Epilepsy NZ

Epilepsy NZ snapped its ties with the Epilepsy Foundation on the issue of the utilization of funds.

According to the Epilepsy NZ, only a small fraction of 2.8 million collected for the charity was actually spent for the cause it was collected.

Producers of New Zealand biofuels join forces

Aquaflow Bionomic and Solray Energy

With the aim to improve the economics of algal biofuel production, two New Zealand-based research companies- Aquaflow Bionomic and Solray Energy- have joined forces.

It should be noted that several industries including dairy, meat and paper, produce nutrient-rich wastewater, which must be treated before it can legally be discharged into the watercourse.

For this purpose, 'settling ponds' are brought in use to get rid of organic sludge from the wastewater. One of the essential parts of the process is algae, which feeds on the sludge.

Training to be imparted to over 1800 Maori under new scheme

InfraTrain

As per the media reports, under a Government initiative announced on Thursday, over 1800 Maori will be getting training in a wide range of industries.

Banks piped in preferred mayor poll by Brown

Len Brown

Manukau's Mayor Len Brown has piped Auckland City Mayor John Banks in a poll aimed to see who Aucklanders would like to lead the new super-city.

Nearly 482 Aucklanders were instructed by the UMR Research poll to make a direct comparison between Mr Banks and Mr Brown.

After the results, it was seen that there were 35% who preferred Mr Brown, and 34% who preferred Mr Banks.

It has been confirmed by John Banks that he will run for the mayoralty, while Len Brown expects to make a decision within a few weeks.

Drop noticed in NZ dollar following gains

ANZ

It has appeared that the New Zealand dollar rose near yesterday's 9-1/2-month high against the greenback; however, thereafter it plunged very quickly.

The kiwi was purchasing US65.71c by 8am, from US65.95c at 5pm yesterday. According to data by Reuters, it hiked at US66.26c.

ANZ specified in its morning briefing notes that the positive equity market in the United States inspired moves for the NZ dollar overnight.

But the kiwi failed to break new ground, after which most gains were reversed.

Exxon Mobil likely to Sell Its 19% Stake in New Zealand Refining

Exxon

Following reports that Exxon Mobil Corp. will become the second major shareholder to put its stake in New Zealand Refining Co. up for sale; the operator of the nation’s sole oil refinery fell in Wellington trading.

For the first time in six days, the stock plunged, following the Independent newspaper reports that Goldman Sachs JB Were Ltd. has been hired by Exxon, in order to find a buyer for its 19 percent stake in the plant, related storage facilities and 183 New Zealand petrol stations.

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