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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...
Delegat beats case sales goal, lifts profit guidance
By Sophie Boot July 17 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, has lifted its operating profit guidance after a record year for case sales. The Auckland-based winemaker, whose brands include Oyster Bay, is now projecting $38.5 million in net...
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...
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