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House sale stats continue to mislead on foreign buyers, says Labour
By Pattrick Smellie Aug. 1 (BusinessDesk) - Statistics intended to allay concerns about the number of houses being bought by foreigners continue to show only about 3 percent of buyers are foreign tax residents, but the Labour Party insists the figures are misleading. Compil...
Fairfax Media writes down NZ assets by A$95.3 million
By Edwin Mitson Aug. 1 (BusinessDesk) - Fairfax Media, which is currently in talks to merge its New Zealand business with NZME, has written down the value of its NZ assets by A$95.3 million. ASX-listed Fairfax, which owns the Stuff website and regional titles around the co...
McClay plans to make more out of existing free-trade deals
By Paul McBeth Aug. 1 (BusinessDesk) - Trade Minister Todd McClay will hit the public hustings, giving people the opportunity to have their say on a shift in making the most out of the free-trade deals New Zealand already has in place. In a speech to the Trans-Tasman Busine...
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