Imports far outweighed exports for October, taking the annual trade deficit to $5.8 billion, its largest deficit since October 2007.
MTF Finance has reported an improved underlying after-tax profit of $8.3 million for its year to September, but the year was not all plain-sailing for the motoring financier.
Southern export documentation from the primary sector has risen by 5%-10% during the past year.
Farm sales across the country for the year to October were down more than 10%, while dairy farm per-hectare prices have pulled back almost 30% during the past year.
The New Zealand Whisky Company has hit its minimum $500,000 threshold on PledgeMe, and extended its offer period, which was to end tomorrow but has been extended to December 17.
Gross domestic product, the measurement of New Zealand’s economic output, appears set to hover around a 3% rise for the next two years. ODT senior business reporter Simon Hartley...
Fletcher Building’s market capitalisation has plunged more than $970 million this week, as investors rid themselves of the troublesome stock.
Internet auction website Trade Me is negotiating with global private equity firm Apax Partners over a 100%, $2.54billion takeover offer.
The latest 3.5% decline in Fonterra's fortnightly Global Dairy Trade auction brings the cumulative fall in the average price to 25% since May.
Fletcher Building has downgraded its full-year earnings before interest and tax (ebit) by 10%, or about $20million, according to analysts.
Two separate court appeals have been launched over Steel & Tube's record $1.88m fine last month - the Commerce Commission is appealing the sentence, while the steel manufacturer and distributor wants the fine reduced.
The a2 Milk Co says strong growth continued in the past four months and it remains sanguine about regulatory changes in China.
Otago and Southland's services sector maintained a "steady pace'' during October and was well ahead in expansion compared with the country's other three regions.
Manufacturing in Otago and Southland continues its strong run in October, but escalating US-China trade tensions, Brexit issues and friendly trade deals are coming into sharp focus.
The country’s agricultural sector is being advised to look for alternate trading markets as the developing "cold war" between the US and China worsens.
Challenging ocean climatic conditions undermined Sanford’s seafood harvesting last season, including a marine heatwave and algal blooms.
A mortgage war between banks - and rates at low levels not seen since post World War 2 - could fuel rising house prices further, especially in the South.
Blue River Dairy appears set to cement its place in the Deloitte Fast 50 index, given it expects to double its exports next year - to 15 million cans of infant milk powder.
Southern regional median house prices have taken off again, Otago and Dunedin hitting record prices of $480,000 and $430,500 respectively.
Southern businesses are well represented in the annual Deloitte Fast 50 growth companies, and more so in its Master of Growth division.