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The former directors of Mainzeal Construction have issued a statement contradicting media comments they did not know the full extent of the company's financial troubles.

The Education Minister says decisions are still being made about which Christchurch schools will close or merge, with just over a week to go before the first official announcement.

The receiver for Mainzeal Construction says it has had interest in buying the company. Audio

Sheep farmers are crossing their fingers that wool will be the carpet of choice in the Christchurch rebuild and give the industry a much needed boost.

The Prime Minister says it is likely Mainzeal will be liquidated and eventually sold to another building firm.

Unions say they have reached a redundancy agreement for almost 200 workers at an Oamaru woollen mill.

Public submissions on a proposed international cricket venue in South Hagley Park in Christchurch closed at 5pm on Monday.

Christchurch City Council has issued details about how the second anniversary of the earthquakes will be commemorated on 22 February.

The Earthquake Recovery Minister says the rebuild of Christchurch's underground infrastructure will be quite a bit more expensive than has been predicted. Audio

South Island listed companies are continuing to perform strongly, despite the subdued economic recovery.

Building consents for new homes rebounded strongly at the end of 2012, as developers of apartments lodged more applications with councils.

An economist says a modest recovery among New Zealand's main trade partners combined with an appreciating New Zealand dollar will continue to restrict export returns.

The Prime Minister has outlined the Government's priorities for the coming year in his first speech to Parliament, but spent much of his time criticising the Opposition. Audio

Artists are being given a $1 million funding incentive to remain in, or return to, Christchurch.

The Reserve Bank is expected to leave the cost of borrowing on hold when it decides interest rate levels on Thursday.

The Industry Training Federation says the rebuilding of Christchurch is not the only avenue for boosting apprenticeships.

The Prime Minister is promising cash incentives to encourage people to take up apprenticeships under changes announced. Opposition parties say the Government is playing catch-up and the changes are… Audio

Winstone Wallboards, a New Zealand manufacturer, has won part of a $40 million contract to supply plasterboard systems for the Christchurch residential rebuilding programme.

Football's governing body FIFA says it is confident Christchurch could host games for its men's Under-20 World Cup matches in 2015 despite the ongoing rebuild of the earthquake-hit city. Audio

A pick-up in activity in Canterbury is spreading beyond the construction sector, an economic index indicates.

Immigration New Zealand is changing work visa rules so that New Zealanders get the best possible chance of filling the jobs needed for the Christchurch rebuild.