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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...
NZ services sector dips in June, activity/sales down
By Sophie Boot July 17 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, dipped slightly in June, though economists say signs are still good for economic expansion. The BusinessNZ-Bank of New Zealand performance of services...
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...
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