Shares in MightyRiverPower, which the government partially privatised earlier this month, dipped below their $2.50 float price in afternoon trading, 10 days after listing on the stock exchange. The shares traded as low as $2.48 before recovering to $2.50, with about 366,000, or 0.03 percent, of the company changing hands below the initial public offer price. The stock rose 4.8 …

The government is aiming to cool housing inflation, seen as a threat to New Zealand’s financial stability, while speeding up consents as part of a plan to encourage construction of 39,000 new homes in Auckland. Housing Minister Nick Smith’s special housing area proposal, where central government would buddy up with local authorities to unlock land supply, will remove certainty for …

New Zealand has stopped issuing export certificates for beef and lamb bound for China pending resolution of a paperwork glitch that has left frozen product sitting on Chinese wharves. Ministry for Primary Industries deputy director-general Andrew Coleman told reporters at Parliament that he couldn’t say how much meat was caught by the hold up, which has been blamed on a …