The Environmental Protection Authority (EPA) has been
criticised by marine consent applicant Chatham Rock
Phosphate, for releasing a staff report on its application.
Otago's service sector heads the country with a burst in
expansion for July, underpinned by an uplift in tourism and
the retail sectors.
Depressed gold prices and the high dollar have been blamed
for the closure of the privately owned Earnscleugh alluvial
gold mine near Alexandra - stripping 35 jobs and millions of
dollars from the local economy.
Freightways has delivered a record result and boosted
dividend, following strong second-half trading which
underpinned increased annual revenue and profit.
Queenstown apartment developer Ross Wensley's company
Lakeview Resorts Ltd has been placed in receivership.
Manufacturer Steel & Tube has posted boosted revenue and
profit for its full-year result, in part due to its
acquisition of Tata Steel (Australasia), from Indian steel
Retail sales for the quarter to June were stronger than
anticipated, but not enough to force the Reserve Bank to
bring forward interest rate hikes, otherwise expected early
House prices appear set to continue rising but economists
caution of a downturn later amid rising interest rates.
Paint and resin manufacturer Nuplex has posted an almost 18%
gain in profit, and continues its expansion into crucial
Asian and European markets.
Manufacturing across the country has been in expansion mode
for 22 consecutive months now - but Otago-Southland has just
booked a third consecutive month of contraction.
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