The Chinese-backed firm fronting a bid to purchase the Crafar farms has yet to relodge its application for OIO approval, less than a week before tenders close.

The rural property sector remains stagnant because prices and sales are being dictated by banks, REINZ says.

May Wang's lawyer is confident creditors will accept her proposal to repay them just 2c in the dollar to settle a multi-million dollar debt.

Phitek company founder and chief executive Mark Donaldson has lost his job at the helm of the tech company, as shareholders conduct a company-wide review of the business.

Dairy prices have risen by a third in the past quarter, dominating a 10.3pc rise in New Zealand's export prices.

For borrowers the Reserve Bank's statement makes dispiriting reading...

NZ's key export earners are headed for "a terrible collision" as a result of economic mismanagement, Russel Norman says.

UBNZ Assets Holdings is challenging the belief that Overseas Investment Office approval might be needed in order for it to purchase the remaining Crafar farms.

There's been a victory in the long quest for a Russia free trade deal.

Specialist companies see big opportunities in store with prospects of a Russian trade deal.