The extra staff will enable the OIO to follow up on any commitments foreign buyers make.

Overseas Investment Office receives resources boost following controversial sale of Taranaki farm

The office is now under investigation for allowing the sale of a Taranaki station.


'The personal cost is too high' - Mark Weldon quits as MediaWorks boss

The resignation comes after a turbulent time in which Hilary Barry announced she was leaving the company that owns TV3.

Craig Wright told BBC News he was the founder of the digital payment system, ending a seven year world business mystery.

Aussie entrepreneur reveals himself as Bitcoin founder 'Satoshi Nakamoto'

Australian businessman Craig Wright has told three news organisations he is the mysterious Bitcoin founder.

Moving new Olympic ad shows special bond between mums and elite athletes

The video shows a US gymnast, Brazilian volleyballer, Chinese diver and German runner overcome obstacles during their childhood.

Air services deal between NZ and India hailed as tourism boost

An air services deal between New Zealand and India opens the way for code-sharing on flights between the two countries.

John Key

Key promises a strong budget to address economic and social issues

Prime Minister John Key is promising the Government will deliver a strong budget this month.

If you’re fond of a feijoa, you might want to take note.

Guava moth taking a fancy to NZ feijoas

The guava moth is making a mess of this year's crops.

Having secured almost half the market some are concerned Z Energy's ability to influence over petrol prices.

Fears Z Energy's takeover of Caltex could influence pricing

The AA is concerned the deal gives Z more market power to control prices.

The Commerce Commission will leave the painkiller on the shelves while it investigates.

Firm fined nearly $2 million over Nurofen packs

We recognise we could have done more to assist our consumers, the company said.

Air NZ and tradie Logan Dodds release epic Kiwi OE video

The national airline partnered with Dodds to experience all New Zealand has to offer.

Samsung's profit beats forecast thanks to early phone debut, Apple profit sinks

The South Korean company recorded a better-than-expected profit in January-March.

Critics say if housing was properly dealt with, the Reserve Bank could have lowered the rate and offered help to borrowers.

Corin Dann: Did the housing market force RBNZ's hand?

The decision to hold the OCR shouldn't be seen as end of the current cutting cycle, writes our political editor.

New Zealand Currency

Reserve Bank keeps OCR at record low of 2.25 per cent

"The main domestic risks relate to weakness in the dairy sector and the decline in inflation expectations."

Talk of a land tax fires up Labour Deputy Leader Annette King.

'We should ban foreigners who don't live in NZ from buying houses' - Labour

Talk of a land tax to restrict foreign buyers fires up Labour Deputy Leader Annette King.

Kiwis told to 'make the most of record low' flights, $999 to Europe

A "frenzy of sales activity" has prompted Flight Centre to offer low return airfares.

Volkswagen New Zealand’s General Manager Tom Ruddenklau says he’s disappointed with the company’s deception.

Volkswagen owners get to choose: buyback or repairs

The automaker used software to fool tests and put dirty vehicles on the road.

The Mitsubishi Motors Corp. logo is displayed on a wall at the company's showroom in Tokyo, Japan, on Monday, Feb. 17, 2014. Mitsubishi Motors, the maker of i-MiEV electric cars, is seeking to exceed its profitability target by ending losses in Japan and North America, President Osamu Masuko said. Photographer: Kiyoshi Ota/Bloomberg via Getty Images

Mitsubishi fuel scandal sees shares drop 15%, biggest fall in more than a decade

Mitsubishi Motors says it found evidence its employees falsified fuel mileage test data.

Participants attend the International Monetary Fund Committee (IMFC) plenary session during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Saturday, April 16, 2016. Group of 20 economies threatened yesterday to penalize tax havens that don't share information on their banking clients, after the leak of the Panama Papers provoked a global uproar over tax evasion. Photographer: Drew Angerer/Bloomberg via Getty Images

Finance leaders pledge effort to boost global growth

Global finance officials are vowing to try to reinvigorate a lackluster global economy and do more to fight tax evasion.

Lego takes Hamilton business to the High Court to change name

Lego took Hamilton's The Lego Shop Ltd to the High Court to get the latter to stop using the brand's name without its permission.

In the past few month the company has been adopting a new business model which began with an overhaul in the homewares department.

Kmart is back! Aussie retail giant recovers from the brink of bankruptcy

The company has been adopting a new business model which began with an overhaul in the homewares department.

Japanese motor industry grinds to a halt following earthquakes

Sony, Toyota and more have all ceased production following today's 7.3 magnitude quake.

Warren Denholm has carved out a global reputation for building war planes in his Ardmore workshop.

World's rich list keeps Ardmore workshop flying high

Denholm's Ardmore aircraft workshop builds the best private planes money can buy.

Farmers inspect a crop of cauliflowers grown from Syngenta AG beans on a farm near Johannesburg, South Africa, on Thursday, Feb. 4, 2016. China National Chemical Corp. is seeking commitments of about $5 billion each from four or five lenders to fund what would be the largest acquisition by a Chinese firm, according to the people. Photographer: Waldo Swiegers/Bloomberg via Getty Images

Cauliflower hits record price with 66% rise

The average price in March was $8.24 for a 1.5kg head of the humble brassica.

Despite the result of last month's flag referendum, National's popularity has grown - and Labour's has dropped.

Key expected to reveal glimpse of Budget in speech to business leaders

The PM will address a BusinessNZ lunch in Wellington today.

New World Tokoroa has several shopping trolleys with cup holders for "Coca-Cola use only".

'Bizarre' Coca-Cola cup holders installed on Tokoroa New World's infant shopping trolleys

The trolleys have a specific message reading, "only used with Coca-Cola products".

FILE - In this Oct. 16, 2014, file photo, a screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth. The Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis. The deal announced Monday, April 11, 2016, resolves state and federal probes into the sale of shoddy mortgages before the housing bubble and economic meltdown.  (AP Photo/Richard Drew, File)

US, Goldman Sachs reach $7.3 billion settlement over risky mortgages

"This resolution holds Goldman Sachs accountable for its serious misconduct."

The Panamanian law firm at the centre of the scandal has been advising clients NZ has very weak due diligence laws.

Tax expert to review NZ foreign trusts following Panama Papers leak

The move represents a change after John Key last week rejected the characterisation of NZ as a tax haven.

Our nation's reputation has been damaged by the Panama Papers leak, says Labour leader Andrew Little.

Explaining what the Panama Papers leak means for 'tax haven' New Zealand

It's being claimed wealthy foreigners hide their money in NZ to avoid or evade paying taxes in their own countries.

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