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UPDATED FMA mulls prospect of revisiting Blue Chip after investors win at Supreme Court
Aug. 9 (BusinessDesk) - The Financial Markets Authority is mulling what action it could take against Blue Chip now that the Supreme Court has ruled it was in breach of the Securities Act with a scheme to sell apartments in Auckland. A group of investors in Blue Chip have won th...
NZ Post sells software support firm in shift to slimmed-down operations
By Paul McBeth Aug. 9 (BusinessDesk) - New Zealand Post, the state-owned postal service, sold its software support subsidiary in its latest move towards a slimmer operation as it deals with dwindling demand for its primary business. The state-owned enterprise sold the Electron...
NZ home sales rise 20 percent in July, led by Auckland, Christchurch REINZ
By Hannah Lynch Aug. 9 (BusinessDesk) - New Zealand home sales climbed 20 percent in July as the property market extended its recovery from the 2011 lows on continued strength in Auckland and Christchurch even as prices fell from June's record high. The number of sales rose to...
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