Dunedin lawyer John Milne, who is to face Law Society charges and is being separately investigated by the Serious Fraud Office, has been adjudged bankrupt, in the High Court at Christchurch.
Proposed changes to mining companies' tax regime may appear to remove "concessions" unavailable to other companies, but in reality, taxes will not necessarily be paid much earlier if mines are in development phase.
The Government proposes to increase royalties it receives from mining companies, but submissions on whether profits or revenue should attract the increases may alter the plan.
More than 230 investors - with $60 million in claims on a former Allan Hubbard company - have lodged a formal complaint with the Minister of Commerce and Attorney-general over the actions of statutory managers, Grant Thornton.
Manufacturers can expect little respite from the crippling strength of the New Zealand dollar, while tax incentives to boost performance are not on the Government's radar.
An unpopular proposal to increase mining-sector royalties and taxes has been formally watered down, with the Government saying yesterday any royalty changes would only affect new entrants to the sector.
Oceana Gold has taken a third-quarter tumble with low ore grades and the strong New Zealand dollar undermining after-tax profits, crashing from $US10.9 million ($NZ13.2 million) a year ago to a $US397,000 ($NZ482,000) loss.
The Law Society's Otago branch is "still progressing" its handling of three complaints against former Dunedin lawyer John Milne, over his allegedly having taken loans from clients in past years.
Superstorm Sandy, which is lashing the United States' east coast, has left gold and oil prices in limbo and global markets factoring in the effects of insurance claims, refinery interruptions and the cost of home heating oil and petrol.
Giant Chinese appliance maker Haier has received approval from two Chinese regulatory authorities to go ahead with its $741 million bid for Fisher and Paykel Appliances, and now only needs New Zealand's Overseas Investment Office approval.
A total of $70 million in capital and maintenance expenditure at the loss-making Tiwai Pt aluminum smelter near Bluff has been halted in its tracks by its Australian owner, mining giant Rio Tinto.
The second of five 33,000 litre stainless steel beer tanks (right) has been completed by Farra Engineering for Speight's brewery, part of its overall $29 million site redevelopment and expansion in Dunedin.
Demolition has barely begun, but a planned bar addition to Café Rue in lower Stuart St has already been booked for its first private function.
A potentially precedent-setting Environment Court case begins in Christchurch today with coal mine developer Bathurst Resources facing legal challenges from Forest and Bird to stop strip mining for coal on the Denniston plateau above Westport, on the West Coast.
Oceana Gold will pursue its exploration of the historic Birthday Reef at the Blackwater mine near Reefton, which could hugely boost its West Coast gold production.
Dunedin-based company RSC Mining and Mineral Exploration Ltd is making plans for its fifth birthday next year. Business reporter Simon Hartley talks to company founder and principal consultant geologist Rene Sterk on the multimillion-dollar business which began life flying under the radar in Asia, Africa and Mongolia.
Dunedin-based family-owned franchise Night 'n Day Foodstores has been ranked fourth nationally in the annual Deloitte Fast 50 companies around the country, with 952% growth. It is also Otago's fastest-growing retail or consumer products business.
The axe fell on 220 jobs at the Spring Creek mine and processing plant on the West Coast yesterday when state-owned enterprise Solid Energy confirmed the redundancies would proceed.
Publicly notified consents should not be required for offshore oil and gas exploration activities within New Zealand's Exclusive Economic Zone (EEZ), according to the Petroleum Exploration and Production Association.
Forest owners will vote next year in a referendum on whether to introduce an industry-wide levy - payable at harvest time - to be used largely for science and biosecurity research.
