Business

The head of dairy giant Fonterra says the co-operative cannot and will not have different butter prices for local and overseas customers.

During coalition talks the party blocked National's proposal to allow foreigners to buy houses worth more than $2 million.

The supermarket has started delivering pantry staples to online shoppers in three North Island cities.

Sky TV has agreed to fully acquire TV3 owner Discovery New Zealand for $1.

Inflation has edged to a 12 month high on the back of more expensive rents, rates, electricity and food, but remains in the Reserve Bank's target band and is unlikely to prevent further rate cuts.

Global furniture giant Ikea is due to open its first New Zealand store in Auckland some time this year, but has not yet told Auckland Council when.