Simon Hartley

First-half gold production for Oceana Gold has increased on a year ago, underpinned by production in the Philippines, while it booked a profit dip, to $US61.4million ($NZ81.9million).

New Zealand has reported  a higher-than-expected $242million trade surplus for June, the fourth consecutive monthly surplus.

A beachhead into New Zealand via Australia for e-commerce giant Amazon could leave several of the country’s largest retailers and property companies facing stiff competition for their market share.

The backdown by Immigration Minister Michael Woodhouse on temporary work visa conditions has been welcomed by employer representatives.

Australasian dental chain Abano Healthcare is seeking a $35 million capital injection from shareholders, on the back of reporting a record $11.5 million profit for the past year.

A decision by the Environmental Protection Authority on the controversial seabed mining application by Trans Tasman Resources has been postponed for the second time.

The Deloitte South Island Index of listed companies’ market capitalisation booked only modest growth for the second quarter to June, collectively up 2.8% to $543.6 million.

Construction giant Fletcher Building dumped a slew of bad news on the market yesterday, including another earnings downgrade and the immediate departure of chief executive Mark Adamson.

Container ship Kota Lihat had a quick nine-hour turnaround at Port Chalmers yesterday, before making its way back north towards Ports of Auckland.

Record wine production of 2.65million cases has prompted producer Delegat Group to upgrade full-year after-tax profit guidance by almost 7% to $38.5million.

The Otago-Southland services sector performance eased during June, eroded by the transitional tourism shoulder season between summer and winter.

Economists are expecting this week's consumer price index (CPI) to come in weaker than the Reserve Bank's expectation, notching up a 0.1% rise rather than the central bank's expected 0.3%.

Otago's manufacturing sector was "holding steady" in June, but employers have again highlighted their long-felt concerns about a lack of skilled staff.

Avocados are again one of the culprits behind another rise in food prices in June, the fruit’s price up 33% on the previous month and near records set a year ago.

New Zealand's banking sector has posted a collective 2.85% decline in quarterly after tax profit, declining from $1.24billion to $1.2billion, while gross residential loans rose 1.19%.