Two Finnish-made Kalmar straddle cranes have been fully commissioned at Port Otago during the past month - part of a total $8.5 million the southern port has set aside this year for capital expenditure.
Oceana Gold shares continue their recent rise, gaining more than 11% yesterday as investors maintained interest in gold prices and stocks.
Petrol prices in New Zealand appear likely to rise again shortly - having hit almost $1.70 this week - as crude oil and refinery production prices edge up around the world and profit margins of the big four suppliers are squeezed.
The Warehouse has reported an expected boost to Christmas sales did not materialise but instead delivered "flat" sales growth, with expectations its half-year after tax result to the end of January will mirror last year's $56.8 million.
For centuries, gold has been a traditional safe haven and hedge against inflation and there are now numerous exposure options, with varying degrees of risk.
Otago-based Oceana Gold's ninefold share-price gain this year reflects the huge run on global gold prices since February - breaching $US1200 in early December.
Criticism is mounting against a Maori trust buying up thousands of hectares of prime southern land, possibly on behalf of foreign investors, with Federated Farmers and the Green Party crying foul over aspects of the estimated more than $150 million offered for 28 farms.
Details of the proposed merger between Port Otago and Lyttelton Port of Christchurch are likely to be unveiled by March next year - almost 18 months since the rival South Island ports first raised the possibility.
Listed Tourism Holdings has responded to a New Zealand stock exchange request for information as to why its shares had risen 17% from 68c recently, to trade around 80c.
A merger and back-door listing between two of L&M Group's subsidiary companies - listed L&M Petroleum and L&M Coal Seam Gas Ltd - now appears likely in the New Year
Oceania Dairy has opened capital-raising for its $100 million dairy processing plant near Waimate in South Canterbury to investors - who must purchase shares worth a minium $520,000.
New Zealand's recession is over, but there appear to be plenty of headwinds in the form of rising unemployment and foreign exchange rate volatility to temper the improving outlook.
Up to 45 staff were made redundant yesterday at clothing manufacturer Algie Agencies in Dunedin after a potential buyer pulled out.
Port Otago subsidiary Chalmers Properties has now shed more than 30% of its Dunedin holdings since 2001, following the sale for more than $12 million of 3.4ha of commercial city land to business...
Crunch time has arrived this week for the debenture holders of Hanover Finance and United Finance investors who find themselves caught between the devil and the deep blue sea.
Manufacturing in Otago and Southland continues to show signs of growth for the second consecutive month, but as with all sectors of the recovering economy, "uncertainty" abounds on whether growth can be sustained.
Following 13 record highs during the past five weeks, the bubble of gold spot prices has lapsed, with the precious metal trading well down on the more than $US1200 achieved 11 days ago.
The Reserve Bank has held its interest rate-driving official cash rate (OCR) at its presentrecord low of 2.5% as expected, but looks likely to bring forward its first rate hike by a several months to at least mid-2010.
Hamilton biotechnology company BioVittoria has extended the availability of its $20 million $1 per-share initial public offering a second time because of the large numbers of investment options in the market place.
A philanthropic bond issue by the University of Canterbury has attracted $50 million in investments but did not attract any interest in an additional $50 million on offer in oversubscriptions.
