The Great South Basin remains the ''holy grail'' of frontier oil and gas exploration in New Zealand, and is included in the 2015 block offer announced by Energy and Resources Minister Simon Bridges yesterday.
Work is under way on Emerson's Brewery new redevelopment, worth up to $6 million, in Dunedin after earthworks began on the Anzac Ave site this week.
New Zealand's oil and gas sector gets to showcase its aspirations next week, with its largest conference in recent years in Auckland.
Escalating household debt in New Zealand is beginning to pose risks to the wider economy and has prompted a warning from the Reserve Bank.
In a surprise announcement yesterday, West Coast mine developer Bathurst Resources' long-time chief executive Hamish Bohannan resigned, the latest scalp following operational reviews within the beleaguered company.
Main street sports and leisure retailer Kathmandu has posted a marked profit plunge for its half year, reporting a $1.8 million loss against last year's $11.4 million profit.
Buyers may be in the wings for troubled children's retailer Pumpkin Patch, which under its latest ''transformation programme'' is about to close nine Australian outlets.
New Zealand's economy has booked its best annual average growth rate since the global financial crisis, with retail, real estate and visitors among the sectors underpinning the rise.
Falling dairy export prices have been the largest contributor to New Zealand's annual current account deficit widening to 3.3% of gross domestic product (GDP), for the year to December. Analysts are expecting the deficit to widen further, to as much as 5.5% within 18 months.
Dunedin-based cancer diagnostic company Pacific Edge is bullish on forthcoming full-year result, following seven recent successes gaining crucial patent protections around the world.
Boutique beer brewer Moa says its is likely to repeat last year's full-year loss of $5.8 million, despite a 40% gain in beer volumes, to the equivalent of five million bottles.
Oceana Gold has indicated exploration is continuing at its mainstay Macraes site in East Otago, and spending has been boosted to $8 million during the next two years.
Strong domestic spending is expected to underpin full-year 2014 gross domestic product (GDP) growth of 3.3%, when data is released later this week.
Otago and Southland's manufacturing sector has rebounded from a post-Christmas dip, returning to expansion and leading the country's four regions by a healthy margin.
Otago is sharing the limelight with the Central Otago Lakes district, as the areas chalk up some of the largest percentage gains in house prices around New Zealand.
The Reserve Bank has held the interest-driving official cash rate (OCR) at 3.5%, with its emphasis remaining on inflation and continuing its ''neutral'' stance on future movements either way.
Otago's prosperity has increased more than 20% during the past 5 years, increasingly because of growing numbers of dairy herds.
Port Otago has delivered a ''solid'' half-year trading report to 100% owner the Otago Regional Council, notching up a $3.5 million dividend and forecasting more of the same for the full year.
Millions of dollars in pending energy company bonus share issues and outstanding share instalments payments are due during the next eight weeks for three major companies.
House values in Otago towns and suburbs have grown only slightly for the quarter to December, new data from government agency Quotable Value (QV) shows.
