The two major supermarket chains say consumers will have to pay higher prices and the country’s investment reputation will be damaged if another big operator comes in.

Tree seedling producer ArborGen has sold its Australia and New Zealand business, with the company eyeing up expansion in its United States and South American business.

Westpac New Zealand full year earnings are up strongly, reflecting a large turnaround in provisions for bad debts.

Organising or being part of a cartel has been a criminal offence since early April.

After years of slow growth, property prices in Christchurch are all of a sudden surging ahead and fast catching up with the rest of the country.

The restrictions on the property market are getting tougher as loan to value ratio restrictions come into place.