Simon Hartley

Affordability up nationally

First-home buyers around the country are already becoming better off with the decline of banks' mortgage interest rates, as home affordability comes a step closer.

Investor selling supermarket basket of 19 sites

Investor selling supermarket basket of 19 sites

A privately owned property portfolio of 19 supermarket sites around the country - possibly valued at several hundred million dollars - has been put up for sale.

New Zealand dollar rises against greenback

The New Zealand dollar surprisingly traded up half a cent against its US counterpart, after the Reserve Bank cut the official cash rate by 25 basis points yesterday.

Pressure on house market to continue

The Reserve Bank's interest rate cut yesterday is expected to keep price pressure on Auckland's heated market, with more cuts in the pipeline this year.

Port Otago outlines projects

Port Otago outlines projects

Port Otago outlined several new projects to 100%-owner the Otago Regional Council yesterday, including warehouse expansion, earthworks at Flagstaff Hill overlooking Port Chalmers and Dunedin property developments.

Dairy pay out drops under $4

The first sub-$4 dairy forecast payout has been posted - of between $3.65 and $3.95 per kilo of milk solids for the current season - by Open Country Dairy, the country's second largest milk processor.

Price plunge hits Oceana Gold

China's offloading of 33 tonnes of gold in two minutes in Shanghai has pushed global gold spot prices to a five-year low - raising $US1.3billion ($NZ1.97billion) for the Chinese Government.

Fonterra faces write downs

Fonterra faces write downs

A red flag has gone up over the level of finished product being held by Fonterra and its potential to be written down in value, further undermining the giant milk processor's profits.

Takeover rejected; a2 Milk considers others

Takeover rejected; a2 Milk considers others

Niche producer a2 Milk Company's board has rejected last month's takeover talks, and confirmed other ''interested parties'' were also seeking a stake in the company.

China market 'turmoil' signal of 'imbalances'

China market 'turmoil' signal of 'imbalances'

China's staggering sharemarket rout of more than $US3 trillion ($NZ4.6 trillion) has shown the level of volatility to which China is exposed.