The Great South Basin, off Otago and Southland, is in the Government's latest tendering round for oil and gas exploration, which covers more than 400,000sq km, both on and offshore around the country.
Dairying's impact on the economy was further underscored yesterday, when price declines in three dairy commodities overshadowed the price gains of 10 other commodities.
Seabed mine developer Chatham Rock Phosphate is a step closer to starting its project, having just filed its draft marine consent application to the Environmental Protection Authority (EPA).
Gold miner Oceana Gold has updated its estimated resource and reserves of gold and copper in New Zealand and the Philippines, with no change to guidance for the calendar year.
New Zealand Post has sold its Strathallan St mail-processing centre in South Dunedin to an unnamed local investor.
Listed Dunedin manufacturer and exporter Scott Technology has reported a more than 60% profit plunge for its first-half trading.
Dairying boosted the country's primary exports to their largest ever February trade surplus, with both exports to and imports from China rising, while former top trading partner Australia booked declines in both areas.
The Government has opted to sell 49% of Genesis Energy, in the last of its state-owned enterprise partial sell-offs.
Seven Dunedin suburbs were among the top 10 nationwide for delivering the top gross yields on rentals, the Westpac Property Investor Report has found.
Company directors are set to be held more accountable for employee injury or death under tougher new health and safety regulations, highlighted by Gloria Davis' recent conviction over the eight deaths attributed to the sinking of the Easy Rider fishing vessel last year.
Main-street clothing retailer Hallenstein Glasson has booked a 40% profit plunge for its first-half trading - undercut by competitive discounting and summer sales - as it readies for the crucial winter sales season.
International rating agency Standard and Poor's (S&P) has left the Dunedin City Council's credit rating unchanged in the wake of a critical report on council-controlled Delta Utility's unsuccessful foray into Central Otago property deals.
Oil and gas exploration work off Otago's coast is entering a two-year lull as the major players analyse results from recent seismic hydrographic tests and from Anadarko's hole 60km north of Dunedin.
Fonterra's forthcoming first-half financial result will come under close scrutiny this week from analysts and farmers alike, including expectation of a revision in financial guidance.
Growth in Australian outlets for leisure and sporting goods retailer Kathmandu spearheaded a strong first-half performance, with Australian sales and after-tax profit coming in higher than guidance.
Litigation over the collapse of the privately owned Taieri-based diatomite fertiliser company Featherston Resources has been set down for a Supreme Court hearing in New South Wales, in July.
Three anti-oil protesters who scaled the Dunedin Railway Station yesterday morning and unfurled a banner were later given a pre-charge warning by police.
Monthly migration to New Zealand of 3500 people in February was the highest in more than a decade, adding fuel to the fire of the Reserve Bank's rising interest rate regime.
Manufacturing was at the forefront of the country's gross domestic product (GDP) data yesterday, in line with analysts' predictions and slightly ahead of Reserve Bank expectations.
Farm sales for the quarter to February were up 40% on a year ago, with Otago and Taranaki posting some of the largest gains in the number of farms sold.
