Business confidence in Otago experienced a major reversal of fortune in the three months ending March, and no improvement has been seen in the region for at least six months.
Fairview New Zealand yesterday became the 19th finance company to fail in the past two years when it was placed into receivership along with FP Holdings.
Retail sales figures out tomorrow are expected to confirm a significant contraction in the New Zealand economy.
Gold miner OceanaGold followed the lead of other miners yesterday by announcing a more than doubling in capital cost for a project under construction.
The New Zealand Takeovers Panel has granted an exemption to BG Group (British Gas) from having to make an immediate offer for Contact Energy
The Warehouse faced a challenge to reach the lower end of its unchanged profit forecast of $94 million to $98 million
The Government will most likely need to consider before the election how it will stop the assets of Contact Energy falling into the hands of a British owner
A new sense of urgency and excitement has emerged about the potential for a much faster broadband network being available to all New Zealand homes
Homeowners with fixed mortgages due to roll over to a new term will have some tough decisions to make in coming months.
The Government can expect early pressure from southern interests to reinstate some form of passenger rail transport between Dunedin and Christchurch now that it has re-nationalised the industry.
National Party leader John Key will be the drawcard for the party's southern region conference in Dunedin at the weekend.
Claims by National that the Government had gifted Toll Holdings a huge windfall at the expense of New Zealand taxpayers gained traction yesterday.
Kiwisaver was a pointless and hugely expensive straitjacket on the New Zealand economy, according to a report released this morning.
Spending $665 million to buy back the rail and ferry assets of Toll New Zealand was a bad business decision by the Government
Telecom, New Zealand's largest listed company, may be positioning itself to shareholders in a different way
New Zealand and Australian financial markets barely reacted to a further interest rate decrease in the United States
The Government could soon be forced to make another decision about whether some of New Zealand's strategic assets need protecting from overseas investors.
Contact Energy, which owns the Clyde and Roxburgh hydro dams, was likely to become a takeover target for BG Group (British Gas), ABN Amro Craigs broker Chris Timms said yesterday.
Telecom New Zealand's third-quarter earnings are expected to have fallen by as much as 21% in the three months to March.
Fonterra has put its preferred capital restructuring plan to one side and gone back to the drawing board.
