Pacific Rim trade ministers have failed to clinch a deal to
free up trade between a dozen nations after a dispute flared
up over auto trade between Japan and North America, New
Zealand dug in over dairy trade and no agreement was reached
on monopoly periods for next-generation drugs.
Oceana Gold has surprised the market with a cashless purchase
of a Toronto-listed US development gold mine in South
Carolina, with potential to boost gold production to more
than 500,000 ounces of gold a year.
House price expectations hit a record, dwelling consents
fell in June and Building and Housing Minister Nick Smith is
encouraged by a report which forecasts unprecedented
construction activity. Business editor Dene Mackenzie
unravels the latest data.