Next year could spell bad news for owners in downtown Auckland.
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Shares in the US opened higher as an uneasy calm returned following sharp falls.
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Major energy users are grappling with extremely high power prices and one timber company has stopped operating to consider if it can keep going.
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Things are looking a little calmer – but what happens next?
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Northland’s port company is appealing a decision to refuse consent for a major expansion, saying the commissioners made a series of errors when they ruled it would have serious adverse effects on cultural and recreational values.
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The proceedings relate to leaky pipes manufactured by Iplex Pipelines Australia.
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It comes after the Nikkei plunged 12.4 percent on Monday, which saw markets around the world face furious selling and sharp falls.
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Nearly 10,000 workers voted after nine days of bargaining with the employer that is ruling out a living wage and has no desire to address understaffing issues, the union says.
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Auckland retailer Smith and Caughey’s has confirmed it will downsize, rather than closing the doors for good.
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Transpower wants feedback on a decision it says would establish the country’s electricity pathway for the next 40 years.
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