Senior Labour MP David Parker has emerged as a linchpin in the new coalition cabinet, taking the pivotal portfolios that will connect him to key ministers in the NZ First and Green parties.
Fletcher Building has taken a further $125 million provision against problematic construction contracts and said its B&I unit would report a full-year loss of $160 million.
NZAX-listed Foley Family Wines is in talks to buy Mt Difficulty Wines, which would add the premium Mt Difficulty and Roaring Meg brands to a suite that includes Vavasour, Grove Mill and Te Kairanga.
The New Zealand dollar has fallen about 2% to a five-month low after the NZ First Party opted to form a coalition with Labour.
The country's average annual household income gained more than 40% in the past decade, but was still outpaced by rising housing costs, Statistics New Zealand figures show.
Dairy product prices fell at the Global Dairy Trade auction, declining for the sixth time in nine auctions, amid bets on sufficient supply.
Acting Reserve Bank governor Grant Spencer has kept the OCR unchanged at 1.75% as widely expected and signalled no change on the immediate horizon as he begins his six-month stint.
The number of property sales across New Zealand dropped by 20% last month, with none of the 14 regions recording an increase, according to the Real Estate Institute of New Zealand.
A National government will look to sell state-owned Landcorp Farming farms if it is re-elected on September 23, Primary industries spokesman Nathan Guy says.
Shane Scott, who was accused of operating a Ponzi scheme to defraud friends and close associates of $5.4 million, has changed his plea to guilty.
Dairy product prices edged higher at the Global Dairy Trade auction, rising for the second time in six auctions, as gains in milk fats offset a decline in milk powders.
The Government has reached a deal with the remaining uninsured or uninsurable Christchurch property owners in the city's 'red zone' after the Court of Appeal deemed the second offer to be "unlawful".
A Labour-led government would seek to cash in on a tourism boom by charging international visitors a $25 levy to help grow the industry and protect New Zealand's biodiversity, it says.
The Government's pre-election books show a bigger surplus for the 2017 financial year, but Finance Minister Steven Joyce doesn't see room to splash out until about 2020.
Dairy product prices declined at the Global Dairy Trade auction, easing for the fourth time in five auctions.
The Commerce Commission wants Fonterra Cooperative Group to be more forthcoming in the information it provides about sales outside the GlobalDairyTrade platform.
Dairy product prices fell at the Global Dairy Trade auction, declining for the third time in four auctions, amid concern about extra supply.
Silver Fern Farms announced the resignation of chief executive Dean Hamilton, who will leave at the end of the year, and said a search is underway for his replacement.