Simon Hartley

A second multibillion-dollar takeover offer has been made for internet auction site Trade Me, upping the stakes for shareholders.

Dunedin and Invercargill have outstripped all cities around the country with average house prices up 11%-12% during the past year - more than triple the countrywide average of 3.5% gains.

Global sharemarkets surged on Monday as investors responded positively to de-escalation of the trade war between China and the US.

The New Zealand dollar touched a five-month high against the US dollar yesterday as escalating US-China trade tensions eased following the G20 leaders’ summit in Argentina over the weekend.

A World War 2 veteran and a peace advocate celebrated 200 years of living life to the full  in Wanaka recently.

Australian-listed gold explorer New Age Exploration is planning further work in its  Otago permit area next year, based on "encouraging results" from earlier low-impact prospecting permit work.

A tower crane is dismantled at the University of Otago Faculty of Dentistry’s new clinical services building project in central Dunedin at the weekend.

More than 70 businesses from around Otago were last night praised  at  an awards ceremony in Dunedin  for their courage and willingness to stand out.

Pacific Edge had completed its first tranche of seeking new capital, having raised $7 million from issuing new shares to underpin its next year of operations.

The Reserve Bank's easing of its loan to value ratio (LVR) restrictions is not expected to have much effect on investors in Dunedin's popular campus accommodation market.

Dunedin cancer diagnostic company Pacific Edge is again going back to longsuffering shareholders to raise capital - possibly up to $12million.

Housing and dairying debt remain at the forefront of Reserve Bank concerns, but a softening in house price growth has prompted the central bank to ease its loan-to-value ratio (LVR) restrictions on...

Declining population growth has prompted an economic downgrade from the New Zealand Institute of Economic Research.

Concessions by the Labour coalition Government over sticking points in its controversial employment law reforms have smoothed the way for NZ First to now support the Bill.

Imports far outweighed exports for October, taking the annual trade deficit to $5.8 billion, its largest deficit since October 2007.

MTF Finance has reported an improved underlying after-tax profit of $8.3 million for its year to September, but the year was not all plain-sailing for the motoring financier.

Southern export documentation from the primary sector has risen by 5%-10% during the past year.

Farm sales across the country for the year to October were down more than 10%, while dairy farm  per-hectare prices have pulled back almost 30% during the past year.

The New Zealand Whisky Company has hit its minimum $500,000 threshold on PledgeMe, and extended its offer period, which was to end  tomorrow but has been extended to December 17.

Gross domestic product, the measurement of New Zealand’s economic output, appears set to  hover around a 3% rise for the next two years. ODT senior business reporter  Simon Hartley...