Just $10 million of a "purported" $449 million of investor funds under management by Ross Asset Management Ltd has been identified by receivers, with the Financial Markets Authority (FMA) saying there may only be "limited" remaining assets.
Otago and Southland manufacturers have booked a positive spike in activity for October, but the supply and demand imbalance of goods remains precarious.
International ratings agency Standard and Poor's (S&P) has fired a warning a shot across the bows of 11 New Zealand's banks, because of the high level of private debt.
Global economic uncertainty prevails for listed Steel & Tube, which begins a new era following major restructuring, a majority-shareholder $91 million share sell-off and re-entry to the New Zealand Stock Exchange's Top 50 list.
Shell representatives have informally met a few local businesses concerning infrastructure support for its oil and gas exploration intentions in the Great South Basin.
Retail spending nationally for the past quarter is down on economists' expectations with $66 million less spent on groceries, while Canterbury's rebuilding spending underpinned a slight gain in overall South Island sales.
Dunedin rail and maritime freight movers are experiencing a busy start to retailers' Christmas imports and the approaching peak season for primary produce exports.
A poor performance by European operations saw global logistics company Mainfreight book a decline in profit and before-tax earnings, despite an overall increase of almost 5% in revenue to $936 million.
Container shipping line Maersk's bottom line is back in the black for the year to date, and the group is forecasting an increased profit to $US3.7 billion ($NZ4.53 billion) for its full-year result.
Tough trading conditions in Europe are expected to undermine the half-year result for bellwether logistics company Mainfreight, further eroded by a weak foreign exchange with the euro.
Numerous representatives of oil giant Shell and its joint venture partners in the Great South Basin exploration arrive in Dunedin today to visit local businesses and industry leaders.
Rising star Ryman Healthcare's growth strategies are expected to underpin improved revenue and profits of between 15% and 20% when it reports its half-year performance, later this week.
A complaint has been lodged with the Office of the Auditor-general by Dunedin city councillor Lee Vandervis over Central Otago subdivision purchases which soured and left the council millions of dollars out of pocket.
A surge of more than 30% in national house sales compared with a year ago reflects more strengthening in the residential house market - underpinned by big city sales - with economists predicting more of the same.
Proposals for another tendering round offering more oil and gas exploration blocks around the country for next year were released yesterday by Government permitting agency New Zealand Petroleum and Minerals.
Residential home values around Otago continue to climb in most areas, but still lag behind Auckland and Christchurch's respective gains of 9.2% and 5.9% during the past year.
Southland businessmen Ian Tulloch and Paul Johnstone announced yesterday plans to build an up-to-$400 million light-industrial and manufacturing business park in Christchurch.
Columba College's business hall of fame has swelled to 13 with the recent induction of old girls Sarah Ottrey and Susan Berry.
Briscoes narrowly missed out repeating last year's record third-quarter sales figures, boosted by the Rugby World Cup, but appears on track to better its $27.5 million, full-year after-tax profit.
Liquidators of failed Queenstown boutique insurer Western Pacific Insurance have yet to collect almost $1 million in premiums from brokers and individual policyholders.
