Rapid cuts to the interest-driving official cash rate (OCR) are now expected by economists and analysts, following a poor showing in quarterly gross domestic product (GDP) data yesterday.
Dunedin City Council-owned infrastructure company Delta has renewed its electricity and fibre-optic network maintenance contract with Network Tasman, a $40million, five-year network contract.
New Zealand's annual current account deficit has widened from 3.3% to 3.6% of gross domestic product (GDP), largely from the decline in dairy exports during the past year.
Otago Southland's service sector has delivered a split result, leaving it sitting on the fence as the country's other three regions booked strong signs of expansion during May.
One of three Dunedin developments nominated for a Property Council New Zealand award, the Staveley Building Apartments, has won an accolade.
The surprise departure of ailing Pumpkin Patch's chief executive Di Humphries this week has left the indebted children's retailer ''without a leader through a critical period'', according to Forsyth Barr broker Suzanne Kinnaird.
National manufacturing data remains in positive territory, just, but Otago Southland is the only one of four regions in contraction for the month of May.
Retail spending around the country rebounded in May, but largely because of the recent fuel price hikes which saw fuel spending up 4.8%.
Dunedin's award-winning Scotia Bar and Bistro is closing.
Auckland's stranglehold and skewing of the country's housing market data was reflected in the number of its $1million-plus homes sold in May, up 120% from a year ago.
Dunedin whisky bar Scotia Bar and Bistro is still for sale, but Scotia's dining area is scheduled to close by about the end of the month.
Brewing giant Lion has confirmed it is underpinning the future of Dunedin's award-winning Emerson's Brewery to the tune of almost $30million.
Shares in ailing Pumpkin Patch suffered another battering yesterday after chief executive Di Humphries' surprise resignation, which is effective from November.
Cancer diagnostic company Pacific Edge has clinched a significant Singaporean hospital trial contract, in what could become its beachhead in Southeast Asia.
Drone aerial imagery is taking the world by storm, and for an enterprising Dunedin surveyor the opportunity to incorporate flights into surveying and 3-D imagery has taken off.
Adding to Pumpkin Patch's woes is its vulnerability to a hostile takeover bid, as it sets about restructuring itself out of its present financial predicament.
Queenstown and Central Otago have kept pace with racing house values around the country during the past year, but Dunedin lags behind its provincial neighbours.
Beleagured children's retailer Pumpkin Patch has rejected plans for any sale or recapitalisation of the ailing company, instead opting to focus on improving its performance.
Oceana Gold has confirmed it is going ahead with its $US101 million ($NZ132 million) purchase of Newmont Mining Corporation's Waihi gold mine, in the North Island.
Dunedin based Pacific Edge hopes its shareholders will ''step up'' for its forthcoming $35.3 million capital raising - which should be its last.
