The potential for political change buoyed many of the more than 300 delegates attending the New Zealand branch of the Australian Institute of Mining and Metallurgy annual conference in Wellington this week.
Dunedin and Queenstown customers are among those who will benefit from cuts in fares to Australia, with 6%-11% coming off the southern sector prices.
The United States Government seizure under "conservatorship" of troubled mortgage finance giants Freddie Mac and Fannie Mae during the weekend - offering immediate cash injections of more than $US2 billion ($NZ2.93 billion) - may calm the markets in the short term but many problems are looming.
The Reserve Bank is widely expected to cut its interest-driving official cash rate on Thursday, balancing up the extremes of an impending inflation spike within a slowing economy.
Hard times are ahead for the retail sector, with profit forecasts for major companies in sharp decline, but consumers with spare cash will find no shortage of bargains during the next 18 months.
Troubled Dunedin biotechnology company Botry Zen has announced the resignation of director and Wanaka-based businessman John Gilks and the appointment of two new non-independent directors.
Dunedin City Council subsidiary Delta Utility Services has moved into property development, taking a long-term $4 million 50-50 stake in the second stage of Central Otago businessman Jim Boult's Luggate subdivision.
Telecom, the largest company on the New Zealand stock exchange, continued its share slide yesterday, falling to its lowest level in more than 15 years.
The future of a stalled $500,000 commercial building project in South Dunedin is unclear as the Dunedin developer faces serious drug possession allegations in Australia.
Manufacturing across the country remains in the doldrums with four consecutive months of decline, reflected in Otago with three months of decline and softening export figures.
Southern investors in apartments in the proposed Hilton Dunedin hotel in the former chief post office will see construction starting by January - although that depends on the developers finding a joint venture partner first.
Seabed chimneys and mounds more than a kilometre deep in the Kermadec Arc - rich in copper, gold, silver, zinc and lead deposits - are New Zealand's new frontier of exploration for the mining sector, but legislation protecting the seabed is still being developed.
Stressed household budgets have been reflected by the Warehouse's annual after-tax profit plummeting 21% as retailers bear the business brunt of the recession.
Motorists will be expecting further fuel price cuts with global prices of a barrel of oil falling below $US100 ($NZ153) for the first time since that mark was reached in early January.
Cadbury Confectionery has confirmed it will go ahead with a $51 million redevelopment of its Dunedin factory and that by the end of next year the first of 145 jobs are likely to go.
The United States "meltdown Monday" engulfed the Asian sharemarkets yesterday with losses ranging almost to 6% while the Australian and New Zealand bourses were down less than 3%.
Volatility in currencies is expected during the week ahead as the New Zealand dollar wanes against the United States dollar, but it held about A82c against the Australian yesterday as investors went to safe-haven currencies such as the Japanese yen and greenback.
The US financial crisis unravelling this week prompted Port Otago to reassure its 100% owner, the Otago Regional Council, that it had long-term bank agreements to fund any major capital expenditure it might require.
New Zealand will suffer from "credit rationing" when the full effects of the US financial troubles grip the world, but its sharemarket is better placed than other world markets.
Rogan McIndoe Print, in Dunedin, has been placed in the hands of liquidators, with the loss of 18 jobs, but it is unclear how much is owed to creditors.