A former head of the World Trade Organisation has warned the global trading system is in grave danger as the US considers imposing punitive tariffs.

US President Donald Trump has fallen 222 places on the Forbes annual Rich List.

Quantity surveyors are calling on the government to take action in the face of a hugely risky construction market.

Prices are down at the global dairy trade auction overnight, with trading dragging on for a record 22 rounds.

The housing market remains steady with a positive outlook, with easier lending rules and low interest rates starting to attract first home buyers back into the market.

New Zealand is expected to see a pick-up in mergers and acquistions, even though several big deals were stymied by regulators, last year.

The country’s main commodities have had their strongest rise in prices in eight months, driven by a recovery in dairy prices.

The founder and chief executive of the cloud accounting software company Xero is stepping down at the end of the month.

New Zealand’s two big fertiliser companies say they are unlikely to buy a controversial cargo of phosphate which was seized in South Africa but will now go back on the market.

The Automobile Association is broadening its service to customers to now include housing emergencies.