Meridian says a New York bank owns just 3.98 per cent of the company - not the 8.1 per cent it said earlier.

The price of newly-listed Meridian Energy instalment receipts edged higher this morning.

Analysts expect power company's stock to keep trading above its issue price after gaining 8% on first day.

The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews it tomorrow.

Economists do not expect the Reserve Bank's review of the official cash rate on Thursday to change market expectations of the outlook for interest rates.

You operate in an industry popularly perceived to be in decline - how do you keep going?

NZ shares extended their rally for a third day yesterday as Xero closed in on $30 a share, Metlifecare rose to a five-year high and Pacific Edge soared for a second day.

China Southern Airlines will be the first carrier to operate scheduled Boeing 787 Dreamliner services to New Zealand from Monday.

Xero is starting to "come up on the foils and sail away" while its massive US rival is "struggling to move online".

The NZ dollar has continued edge amid the ongoing stand-off between US legislators which is threatening a default on debt obligations of the world's biggest economy.

The political stalemate over the US budget is so far having little impact on the financial markets.

Labour's trade spokesman and a former Trade Minister Phil Goff says he understands why the Government is not releasing text of the Trans Pacific Partnership agreement but says it could be doing more to communicate with New Zealanders.

While many fast-food outlets are discounting, the new arrival is expanding and keeping its prices steady.

New Zealand tech companies are taking an "inefficient spear-fishing approach" to marketing, says a new study.

When Sir John Logan Campbell gifted Cornwall Park to Auckland, he also set land along the fringe for lease rental - an income stream that keeps the park running.

When Paris-born Matt Gosset went out on his own after working for Auckland restaurateur Dennis Wiley, he shied away from a French theme.

Central Auckland carparks are on the market for as much as $75,000 - a price one expert says could prove a bit of a bargain in the long run.

A New Zealand health software company has announced plans to take on 150 new staff in Auckland and Christchurch over the next three months as it continues global growth.

'We are paying close attention to Twitter's IPO," says Aaron Levie, the 28-year-old co-founder and chief executive of Box.

The head of recently listed SLI Systems urged other fast-growing companies such as Straker Translations and Vista Entertainment Solutions.

A surge in demand by owner occupiers for vacant industrial buildings in the Auckland market has led to a shortage of supply.

Lack of supply in the commercial property market and increasing occupier demand will result in a gradual strengthening of the landlord's position relative to tenants.

New Zealand has ranked fourth among the most attractive countries in the world for supporting and enabling dynamic business growth.