Business

Dunedin cancer diagnostic company Pacific Edge has passed another milestone in the complex US regulatory regime journey to sell its mainstay Cxbladder test over there.

Southland  is investigating how best to boost its tourism opportunities, aiming to hit $1 billion in tourism revenue by 2025, and has hired an independent consultant.

New Zealand's services sector might have experienced a slight increase in expansion during September but it remains below its long-term average.

Manufacturing in Otago and Southland in September was buoyed by the construction sector, hitting its highest index level for the year.

The annual rate of inflation is expected to nudge higher, largely caused by  rising fuel costs during the past quarter.

Turmoil continued across the world’s sharemarkets yesterday.  Asia was worst hit, while losses across the major US indexes eased but remained in negative territory.

PGG Wrightson is optimistic about the prospects for its trading performance for the year ahead, forecasting a similar result to the previous year.

Sharemarket volatility ramped up around the world mid-week as major bourses lost between 2% and 4% off some of their main indexes.

Spring is coming late for the real estate sector, with house sales down on a year ago, but prices rose across most of the country, with both Otago and Southland making solid gains.

Food prices for consumers were almost unchanged overall during September, although vegetable prices fell 8.7% for the month, led by lower prices for lettuce, tomatoes and cucumbers.

New Zealand's sharemarket has tumbled in one of the biggest daily drops traders have ever seen.

A New Zealand investment firm has become the majority shareholder in a Queenstown hotel and plans to create several more like it along the country's ''tourist route''.

Steel & Tube has told shareholders it is rejecting Fletcher Building's hostile $282 million takeover offer, saying the $1.70 per share is its too low and Commerce Commission clearance would...

New Zealand Oil & Gas (NZOG) says it has not sought exploration permit extensions for its two permits in the South, one off the coast from Oamaru and the other south of Dunedin.

Otago has lost at least $230,000 in cyberattacks in 18 months, in what the Chamber of Commerce calls the "single biggest risk" to small businesses in the region.

A recovery package has been announced to help farmers affected by Mycoplasma bovis  get back to business quicker after being cleared of the disease.