The $6.3bn takeover by Graeme Hart's Reynolds Group of Pactiv Corporation was challenged in a lawsuit by a trade union pension plan.

The man behind the $27m purchase of a Queenstown property development from Allied Farmers is declining to say how the deal is being financed amid speculation Allied may be helping him.

Hallenstein Glasson's positive profit guidance has been music to the ears of investors.

The fundamental problems with the NZ housing market are coming home to roost, writes Bernard Hickey.

Receivers say they will make a payout to investors of between 1.5c and 2.5c in the dollar within the next 4 weeks.

A "do-nothing" sentiment is gripping the property market and the number of house sales is down a third from a year ago, says the valuation agency QV.

A court was told this morning that businesswoman May Wang owes the company Latitude Asia $2.5 million.

Strategic Finance's trustee has appointed liquidators to the failed property lender - saying they will have wider powers than the receivers to scrutinise deals made.

For the 240 investors in Fiji's Denarau Hilton, the past 18 months have been anything but paradise.

House prices firmed up last month, but turnover stayed low said the Real Estate Institute.