The Reserve Bank's contentious loan to value ratio (LVR) restrictions on bank lending appear to be biting into New Zealand home sales, especially in the targeted bracket of first-home buyers.
Almost three years after launching its multimillion-dollar fertiliser export company on the Taieri Plain, private Australian-owned company Featherston Resources has been placed in receivership.
Explorer New Zealand Oil and Gas (NZOG) went into a brief trading halt yesterday, before saying its share price had been affected by an earlier geologist's report on its Matuku, offshore Taranaki prospect being drilled by the rig Kan Tan IV.
A surprise December sales slump has prompted a second profit downgrade by clothing retailer Hallenstein Glasson, which has slashed profit guidance by almost 40%.
Auckland-based fund manager Milford Asset Management has increased its stake in the tourism camper van company Tourism Holdings from 18.8% to 19.14%, just below the 20% takeover threshold.
Momentum in the New Zealand dollar is set to cost exporters dearly in the year ahead, with indications of more strengthening against the currencies of trading partners.
Listed Dunedin company Scott Technology is one of 31 businesses to receive a share of government research and development grants, worth in total $140 million over three years.
National house values ended 2013 up 10% year on year, but most of Otago fell far short of reaching any double-digit gains.
Electronic card spending during December was up almost 1% and all transactions were worth $7.2 billion, led by large gains in the apparel and hospitality sectors.
Following a stellar year hitting targets and milestones, listed Dunedin bio-tech company Pacific Edge has been named Otago Daily Times Business of The Year 2013. Business reporter Simon Hartley profiles Pacific Edge's decade of persistence.
Spot gold prices and the shares of major producers have taken a hammering during 2013, but the historic share price lows are renewing interest in resource stocks for some analysts, senior business reporter Simon Hartley reports.
New Zealand's largest supplier of Southland beech for the residential and commercial construction market is seeing increasing acceptance of the use of the native timber by architects.
Lyttelton Port of Christchurch (LPC) shares soared to a record high yesterday, prompting Port Otago to confirm that in February next year it will, for the first time, consider whether to sell its stake.
Lyttelton Port of Christchurch (LPC) has reached a ''full and final'' $450 million earthquake settlement with its three insurers, after years of negotiations.
Retirement village developer and operator Summerset has announced the $200 million development of its first two villages in Christchurch, capping off a year of rapid expansion around the country.
For the first time in five years New Zealand imported more goods than it exported - pushing out the quarterly current account deficit by $300 million to $2.6 billion - but this was tempered by overall international liabilities declining.
Analysts are expecting third-quarter gross domestic product (GDP) to leap by 1%-1.3% today, on the back of strong agricultural and primary manufacturing data.
Dairy farm manager MyFarm's initial public offering (IPO) for investment in its Gold Creek property near Gore has raised a total $2.21 million of the $3.5 million being sought, and has been extended for a second time, to Friday.
Fraud charges against disgraced former Dunedin lawyer John Milne will now be heard in High Court at Christchurch next year, following a Christchurch District Court hearing last Friday.
Specialist oil and gas tender vessel Sealink 161 arrived in Dunedin's upper harbour late on Monday to support hydrographic seismic survey ship Polarcus Alima, which is working about 60km off the coast of Oamaru.
