NZ net foreign liabilities as share of GDP have improved but risks remain: RBNZ
By Rebecca Howard July 17 (BusinessDesk) - A large improvement in New Zealand’s net foreign liabilities as a share of gross domestic product makes the economy less vulnerable to shocks, but they are still relatively high internationally and the saving and investment behaviour...
Farm sales and prices inch down in three months to June on year
By Rebecca Howard July 17 (BusinessDesk) - The number of farms sold in the three months inched down on the year as did the median price per hectare for all farms, pointing to a softening tone in the rural real estate market, the Real Estate Institute said. There were 459 s...
Supreme Court dismisses Torchlight's right to appeal
By Rebecca Howard July 17 (BusinessDesk) - The Supreme Court has dismissed a bid by Pyne Gould's Torchlight Fund No 1 LP and NZ Credit Fund to appeal a prior ruling that ordered it to pay more than A$30 million to Wilaci Pty in late payment fees. The case concerns a loan t...
RESEND: NZ annual inflation may have slowed to 1.9% in 2Q, quelling rate-hike talk
(Fixes CPI release date in second paragraph) By Rebecca Howard July 14 (BusinessDesk) - Annual inflation may have eased back below 2 percent in the second quarter as weak fuel prices offset a lift in food prices and may stifle market chatter that the Reserve Bank of New Zea...
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