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

A total of 110 Viaduct Capital secured depositors are owed NZ$7.8 million, including accrued capitalised interest. Under the Crown retail deposit guarantee 94 depositors owed NZ$7.3 million are covered.

Graeme Hart is sticking with his longtime strategy of heavily leveraging his business deals, borrowing as much as US$5bn to help pay for Pactiv.

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.

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.

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.