Business

BNZ has lowered its property price expectations for the next calendar year.

There had been warnings that any disruption to international oil supplies as a result of tensions in the Middle East could push prices up at the pump.

Fletcher Building has announced hundreds of millions of dollars of new restructuring and impairment costs, and continued a suspension of its dividend as it focuses on paying down debt.

Air New Zealand is ramping up capacity on trans-Tasman and Pacific flights for the peak summer travel season in response to demand and aircraft returning to service.

The privately funded projects have been costed to eventually cost as much as $5 billion.

A report covering a 25-year period shows the payback period for village apartments can be over 20 years.

Experts are split on whether banks will cut interests rates again over concerns for escalating global risks.

Oil prices are likely to depend on whether Iran's parliament decides to block the Strait of Hormuz, a key trade route that accounts for 20 percent of the world's crude oil. Audio