New Zealand's economy grew 1% for the quarter to December slightly higher than economists' and Reserve Bank expectations, raising the likelihood that Reserve Bank interest rates may stay at present levels for some time.
Air New Zealand's replacement of its subsidiary Freedom Air service on Monday will be a bittersweet pill for Dunedin travellers and exporters
Fisher and Paykel Appliances has taken its finance division off the market after bids failed to match valuations set down by its board.
Diary and oil exports have underpinned a reduction in New Zealand's record balance of payments deficit, with Statistics New Zealand reporting the deficit for the year to December fell from $14.3 billion in the year to September, to $13.8 billion, with the likelihood it will continue to shrink.
Dunedin City Council subsidiary Delta Utility Services - which employs more than 500 people across Otago and Southland - is not expecting any downturn with the imminent loss of its Queenstown Lakes District Council (QLDC) contracts.
Recession fears for New Zealand have loomed large with a meltdown of equity stocks around the world and mounting anxiety about how much exposure United States' companies and banks have to further battering from subprime disclosures.
The New Zealand sharemarket flatlined yesterday - having lost 2.1% the day before to a two year low - in response to worldwide markets shedding billions in value during the previous 24 hours trading.
The Otago and Southland service sector leads all areas nationally following expansion last month, according to a Bank of New Zealand and Business New Zealand performance of services index.
A $1.2 million remotecontrolled loader remains buried under 50 tonnes of rock at Oceana Gold's Frasers underground development after a non-injury rockfall last Sunday at the East Otago Macraes site.
The 2008 Young Enterprise Scheme began for 10 Otago schools and 110 pupils in Dunedin yesterday, with teams meeting mentors and brainstorming business ideas for the eight-month project.
Subdued economic activity around the world has been reflected in New Zealand, with both the national and Otago manufacturing sectors showing a downturn in expansion.
Government oil and gas permit granting agency Crown Minerals appears set to seek a second tranche of more than $15 million to undertake further seismic data gathering programmes in its effort to promote New Zealand to overseas petroleum explorers.
New Zealand's petroleum industry was portrayed in a positive light as the 11th biennial Petroleum Conference began in Auckland yesterday.
More than 60 national and international speakers are attending the three-day biennial New Zealand Petroleum Conference, which starts in Auckland today.
New Zealand retail fuel prices appear set to remain in mid to upper $1.70-plus range for some time as the high New Zealand dollar continues to cushion consumers from a devastating blow to their wallets from escalating global oil prices.
Oil company giant BP says petrol and diesel could rise at least 7c a litre at the bowser if new biofuel requirements come into force on July 1.
Port Otago and rival Lyttelton Port of Christchurch appear set to go head-to-head again to become the South Island's preferred deep-water port - vying for new-generation ships carrying 6000 to 8000 containers - with both ports now proposing dredging to deepen navigational channels.
Glass Earth Gold believes results from recent exploration around Otago may indicate the presence of two large orebearing structures similar to the Oceana Gold Corp holdings at the Macraes mine in East Otago.
Excavations are expected to begin next month for the construction of concrete foundations for a multimillion-dollar, 26-room hotel at St Clair Esplanade.
Investors on both sides of the Tasman have been punishing the share prices of some companies reporting financial results, including those coming in above guidance with multimillion-dollar profits.