Oil giant Anadarko has relinquished one of its Canterbury basin offshore exploration permits - off the coast of Oamaru - but added a further 6000sq km to its other adjacent permitted area.
Shareholders yesterday embraced Tourism Holdings' $70 million plans to buy competitors United Campervans and Kea Campers, boosting its campervan fleet by another 1000 vehicles.
Environmentalists have slated the Government for considering allowing deepwater oil and gas exploration drilling in New Zealand's Exclusive Economic Zone (EEZ) without the need for consents.
Exporters using refrigerated containers can expect 25%-30% price hikes from shipping giant Maersk next year, costing as much as $US1500 ($NZ1836) per 40-foot container.
Listed companies in New Zealand and Australia which have been reluctant to issue financial guidance during the recent reporting season may fill that void during the forthcoming nine weeks of 80 transtasman annual meetings and half-year results.
The operator of Tiwai Point aluminium smelter near Bluff has confirmed redundancies of up to a further 65 staff will go ahead from its 800 personnel.
All that stands between Dunedin-based cancer diagnostic company Pacific Edge and its move into the United States health care system is a final regulatory approval for its just-completed $4.5 million laboratory in Pennsylvania.
Annual inflation, measured by the consumer price index (CPI), has hit a surprise 13-year low of 0.8% and raised questions about the Reserve Bank cutting the already record-low official cash rate.
Listed Otago companies made a rare showing on the New Zealand stock exchange's daily "gainers" index yesterday, with the market capitalisation of biotech Pacific Edge at just over $100 million - up almost 8% at 41c per share yesterday.
Shares in state-owned enterprise Mighty River Power might be sold at a discounted value after Prime Minister John Key yesterday announced there will be no "shares plus" scheme for Maori claiming water rights.
Otago and Southland's service sector remains in the doldrums, reflecting flat levels of activity, similar to the separate manufacturing sector, during September.
The parent company of the failed Victoria Property Fund is still awaiting answers from fund manager Britannia Management Ltd after a four-month in-house investigation into the fund's collapse.
A minimum $7 million dollar investment is being sought for a 25% stake in a North Otago corporate dairying operation which milks 2630 cows and expects to produce more than 1.2 million kilograms of milk solids this financial year.
Mineral sector lobby group Straterra believes New Zealanders support mineral exploration and mining as an avenue towards economic prosperity, but is concerned public awareness still needs to be boosted.
Specialist hard-coking coal-mine developer Bathurst Resources has upgraded its estimated West Coast coal reserves by 11% to a total 94.5 million tonnes - on the eve of the latest Environment Court battle with mining opponents.
Diversification is paying off for listed Dunedin company Scott Technology as mining and meat robotics research and development play an increasing role in underpinning its export aspirations.
Manufacturing in Otago and Southland dipped from slight expansion to contraction during September, but there were some expectations of an imminent improvement.
A historic 146-year-old Victorian building in Dunedin - once a synagogue and later a freemasons' temple - is for sale, for the first time since its retrofitting about 20 years ago.
Boutique Otago gold producer Glass Earth Gold has raised a further $C360,000 ($NZ456,000) in private-placement funding as it juggles cash-flows against ongoing exploration costs at North Island prospects.
Stockbrokers have welcomed the $91 million sale of 50.3% of shares in Steel & Tube, but warn the 15% discounted price could yet prompt share-price volatility.
