TAG Oil's earnings rise alongside current drilling of two new wells at Cheal.

Retired Canadian judge will analyse David Bain's claim he deserves compensation for wrongful imprisonment.

It would not be in New Zealand’s best interest to sign a global treaty on copyright law, as each individual country should develop its own regulations, Internet New Zealand says.

This comment comes after the anti-counterfeiting trade agreement (ACTA) returned to the drawing board last week in Seoul, to further discuss how to implement and police global copyright and counterfeit matters, and to sign an international treaty.

New Zealand and Canada have further strengthened their Commonwealth brotherhood bonds with a new Air Transport Agreement.

The Blue Skies agreement removes any limitations on the number of flights between the countries. In addition, carriers from both countries can now pick up passengers or freight and continue to a third country. 

Trade minister Tim Groser and Canadian international trade minister Stockwell Day at the APEC trade ministers meeting in Singapore signed the agreement.

Canadian stocks gained for the first time in three days, bouncing back from Wall Street’s 223-point drop in the Dow on Thursday and breaking with the downward trend on other world markets that were open.

Trading was subdued as US markets were closed on Friday for the Independence Day holiday observance.

Stocks fell in Europe and Asia, extending the MSCI World Index’s longest weekly losing streak since March. The MSCI World lost 0.1% to 946.80 as 12 stocks fell for every seven that rose. The gauge of 1654 companies in 23 developed nations slipped 1.8% this week.