Despite the doom and gloom in the retail industry, the value of electronic card transactions (ECT) was up in October, latest statisticis reveal. more...

Another fall in the number of short term visitors to this country points to growing stresses on the tourism industry as the global economy slows. more...

Aged care and retirement village operator Ryman Healthcare says demand for its product continues to grow, as it posted a 10 percent rise in first half realised profit to $26 million. more...

The New Zealand sharemarket was down sharply in early trading, after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased. more...

Insurer and fund manager Tower posted a 17 percent rise in full year net profit after tax to $40.5 million. more...

Christchurch City Council's investment arm is looking to buy another 2.48 percent of the shares in Lyttelton Port Co (LPC), as it looks towards delisting the port operation. more...

Freight and logistics company Mainfreight posted a 9.5 percent increase in half year net profit before non-recurring items of $17.2 million. more...

As recession fears shook world markets, the New Zealand dollar dropped below US53c for the first time in nearly six years. more...

As the battle to bankrupt property developer Andrew Krukziener returned to court, five of his creditors came out in support of him. more...

Syft Technologies Ltd (Syft), a Christchurch-based technology company, today signalled a capital raising via a rights issue to existing shareholders. more...