A $200 million issue of medium-term notes by Motor Trade
Finances was a sign the Dunedin-based company was held in
high regard overseas, Craigs Investment Partners broker Peter
McIntyre said yesterday.
The number of dwellings sold in June fell 12.3% from May as
winter settled in to the residential real estate market,
figures released yesterday by the Real Estate Institute
The house sale median price across Otago fell $2750, or 1.2%,
in June compared with May. Prices fell 4% in Dunedin but rose
14% in South Otago.
Second-quarter earnings from United States listed companies
were likely to have the largest impact on markets this week,
Craigs Investment Partners broker Chris Timms said yesterday.
The Otago-Southland services industries remain buoyant but
indications are emerging of slower economic activity in the
sector than seen previously.
Real estate sales volume for Central Otago Lakes fell by 18%
compared with May.
Inflation is forecast to have reached a 13-year high in the
three months ended June, with food and electricity prices
being the main contributors in the quarter.
Once-prosperous New Zealand provinces are falling into the
economic doldrums as politics and policies focus on the urban
powerhouses of Auckland and Wellington, according to a new
The Labour Party digital upgrade policy received good reviews
from those attending NetHui 2014 yesterday, but Science and
Innovation Minister Steven Joyce was scathing of the policy.
As the population ages, the demand for various products and
services will change in the regions, along with other parts
of New Zealand, the NZIER report on regional economies says.
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