Regional house prices trail Auckland
Regional house prices trail Auckland
Home values nationally in July were up 10% since the same time last year but in many southern regions increases have been small or negligible.
Simon Hartley
No rating impact - S&P
No rating impact - S&P
The Tiwai Point electricity supply deal between operator New Zealand Aluminium Smelters and Meridian Energy has not prompted any rerating of the country's generating retailers by international rating agency Standard & Poor's.
Tiwai enters into deal with Meridian
Tiwai enters into deal with Meridian
Tiwai Point aluminium smelter's immediate future is assured after owner New Zealand Aluminium Smelters clinched a revised electricity contract with Meridian Energy, which in turn has deals with other suppliers.
Tiwai Point smelter to stay open
Tiwai Point smelter to stay open
The short term future of the Tiwai Point aluminium smelter looks safe, with news of a power deal between its owners and Meridian Energy.
Test drill potential 'game-changer'
Test drill potential 'game-changer'
Test drilling for oil and gas could resume off Oamaru's coast in 2017 on potentially the nation's ''largest hydrocarbon discovery''.
Oceana Gold buys gold mine in US
Oceana Gold buys gold mine in US
Oceana Gold has surprised the market with a cashless purchase of a Toronto-listed US development gold mine in South Carolina, with potential to boost gold production to more than 500,000 ounces of gold a year.
Coutts joins Otago names on 2015 'NBR' rich list
Coutts joins Otago names on 2015 'NBR' rich list
Otago's traditional rich-listers have for the first time been joined by former yachtsman Sir Russell Coutts and his expanding New Zealand property empire.
Macraes results good as gold
Macraes results good as gold
Oceana Gold has raised the possibility it could again extend the life of its Macraes gold mine in East Otago.
Heartland Bank upgraded from 'hold' to 'buy'
Heartland Bank upgraded from 'hold' to 'buy'
Heartland Bank's outlook has been upgraded, despite a disappointing share price and rising concerns about the extent of exposure of the banking sector to the stuttering dairy sector.
Affordability up nationally
Affordability up nationally
First-home buyers around the country are already becoming better off with the decline of banks' mortgage interest rates, as home affordability comes a step closer.
Investor selling supermarket basket of 19 sites
Investor selling supermarket basket of 19 sites
A privately owned property portfolio of 19 supermarket sites around the country - possibly valued at several hundred million dollars - has been put up for sale.
New Zealand dollar rises against greenback
New Zealand dollar rises against greenback
The New Zealand dollar surprisingly traded up half a cent against its US counterpart, after the Reserve Bank cut the official cash rate by 25 basis points yesterday.
Pressure on house market to continue
Pressure on house market to continue
The Reserve Bank's interest rate cut yesterday is expected to keep price pressure on Auckland's heated market, with more cuts in the pipeline this year.
Port Otago outlines projects
Port Otago outlines projects
Port Otago outlined several new projects to 100%-owner the Otago Regional Council yesterday, including warehouse expansion, earthworks at Flagstaff Hill overlooking Port Chalmers and Dunedin property developments.
Price plunge hits Oceana Gold
Price plunge hits Oceana Gold
China's offloading of 33 tonnes of gold in two minutes in Shanghai has pushed global gold spot prices to a five-year low - raising $US1.3billion ($NZ1.97billion) for the Chinese Government.
Dairy pay out drops under $4
Dairy pay out drops under $4
The first sub-$4 dairy forecast payout has been posted - of between $3.65 and $3.95 per kilo of milk solids for the current season - by Open Country Dairy, the country's second largest milk processor.
Takeover rejected; a2 Milk considers others
Takeover rejected; a2 Milk considers others
Niche producer a2 Milk Company's board has rejected last month's takeover talks, and confirmed other ''interested parties'' were also seeking a stake in the company.
Fonterra faces write downs
Fonterra faces write downs
A red flag has gone up over the level of finished product being held by Fonterra and its potential to be written down in value, further undermining the giant milk processor's profits.
China market 'turmoil' signal of 'imbalances'
China market 'turmoil' signal of 'imbalances'
China's staggering sharemarket rout of more than $US3 trillion ($NZ4.6 trillion) has shown the level of volatility to which China is exposed.
STU buys fastener maker for $32m
STU buys fastener maker for $32m
Steel & tube has completed its second acquisition in a year, buying New Zealand fastener maker Manufacturing Suppliers for $32million in a mix of cash and scrip.