Creditors of women's clothing chain Shanton Fashion are owed almost $7.8 million, while the company has $3.35 million in assets, a wider shortfall than the $693,000 estimate directors gave when the company went into voluntary administration last month.
The CBOE Crude Oil Volatility Index climbed to 63.14 on February 5, the highest level in almost six years.
The global growth scare that's gripped financial markets is looking overblown to some economists.
Local apple production looks set to drop by 6 per cent this year because of a cool start to spring, but a warm summer has improved the crop's quality, says Pipfruit New Zealand.
New Zealand shares fell yesterday from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite waned.
West Australian mining companies with operations in Africa have had A$3.6 billion ($3.7 billion) wiped from their value in the past year.
Herald investigation shows makers of pre-workout supplements are always trying new tricks to beat government bans.
Mark Lister writes: This year has started in an eventful fashion and a number of key developments will set the tone for 2015.
New laws cracking down on shell companies appear to be having an early effect, with police seeing a drop off in requests for information about New Zealand-registered firms.
Despite the fast changing market, JB Hi-Fi excels at jumping on the next big thing in technology and getting the march on its competitors, writes Christophwer Niesche.
Oil prices have made strong gains for a second day, helped by a surprisingly robust jobs report in the United States, the world's largest crude consumer.
Wall Street stocks finished a buoyant week with a whimper, ending the Friday session lower in a drop attributed to profit taking.
Speculation that a leading player in the funds management sector is facing a FMA investigation for market manipulation is concerning if true, writes Liam Dann.
Auckland could boost SkyCity Entertainment Group's half-year result issued on Wednesday but Adelaide could drag it down.
The New Zealand dollar dropped sharply in sympathy with its Australian counterpart after the Reserve Bank of Australia (RBA) surprised the market by cutting its overnight cash rate, fuelling....
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
New Westpac boss Brian Hartzer has stamped his authority in his first day as chief executive of the Australian banking group.
A company backed by rich-lister Peter Masfen is now in the hands of receivers.
As we congratulate ourselves on the buoyancy of our rock star economy, we need to appreciate that we are firmly locked into the global economy, writes Peter Lyons.
NZX chief executive Tim Bennett says a freshly inked agreement with the Financial Markets Authority will help the sharemarket operator deepen New Zealand's capital markets through the development of new products for investors.
The New Zealand Superannuation Fund has posted a 13.9 per cent return for 2014, finishing the year at $27.5 billion, but warns returns will be "more muted" over the coming years.
NZIER's monetary policy shadow board believes the Reserve Bank should leave the official cash rate on hold at 3.5 per cent tomorrow but that the next best option would be a cut.
The prospect of further rises in the Reserve Bank's official cash rate has disappeared over the horizon.
Global markets are braced for an extended bout of extreme volatility after left-wing party Syriza stormed to victory in the Greek elections.
New Zealand shares rose to a new record close yesterday as holidays in Auckland and Australia kept trading volumes light.
A big marketing drive is on to draw more Chinese people to NZ real estate and the businesswoman behind it expects a huge upswing in investment.