Property

Apartment sales soar while Seascape stuck in basement

Brent Melville
Wed, 16 Sep 2020

It may be an expensive hole in the ground, but Shanghai-based developer Shundi Customs says a quarter of the 221 units in Auckland's downtown planned Seascape development have already been "taken off market", despite delays to the ambitious $300 million project.Delays have been largely due to the challenge of completing the deepest basement ever attempted in the city, all within a few hundred metres of Queens Wharf.When complete, the residential tower will rise 187 metres, over 52 floors plus another five levels of undergroun...

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Markets

MARKET CLOSE: Kiwi falls on economic concern

Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.

Policy

ELECTION 2020: Scared or excited about a Labour-Green govt?

Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation

The FMA is running out of patience

Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

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