Shares in Port of Tauranga, New Zealand’s biggest export port, dropped 3 percent to a three-week low after the company said its marshalling unit lost a major log marshalling contract starting next year. Quality Marshalling, New Zealand’s second-largest log marshalling and scaling company, lost the log marshalling contract at Mount Maunganui and Murupara, which accounts for about 60 percent of …

New Zealand’s top two world-ranked universities, Auckland and Otago, have taken sharp drops in the latest annual QS World University rankings, although Auckland remains in the top 100 at 94th. Otago’s was the most precipitous fall, dropping 22 places to 155th ranking, while Auckland dropped 11 places from 83 in last year’s survey. On the bright side, all New Zealand …

Former Bridgecorp chief financial officer Rob Roest suggested the losses to investors were not as severe or widespread and directors were acting in the company’s best interest by not putting it into receivership, when he appeared before the Court of Appeal in Wellington. Roest was representing himself in his appeal hearing today, and is appealing his High Court conviction and …