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Caniwi commits another $26m to property portfolio
By Pattrick Smellie July 24 (BusinessDesk) - Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21 million for a specialist cool store in the so-called 'Golden Triangle between Auckland, Hamilton and Tauranga, and...
NZ dollar falls from 10-month high in New York as Aussie data awaited
By Rebecca Howard July 24 (BusinessDesk) - The New Zealand dollar fell from the 10-month high it reached in New York on Friday as investors await offshore events for direction, in particular in Australia. The kiwi traded at 74.32 US cents as at 5pm versus 74.39 US cents as...
Deluge misses southern hydro lakes
By Pattrick Smellie July 24 (BusinessDesk) - Last weekend may have been Oamaru's wettest since daily rainfall records began in 1950, but the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro lakes, which remain at crit...
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