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  • Foreign buyer ban 'too late'

    1 November 2017 6:21 AM 115

    Real estate agents who sell to Chinese buyers are saying the Government's foreign buyers ban is too late. Interest from China has already slumped, after banks tightened lending conditions. "The traffic from mainland China to visiting our website has dropped from 40 percent last September,"'s Sam Yin said. "I think, last year, the big four banks

  • New Zealand's Foreign Home Ownership Ban Won't Cause Price Collapse-Trade Min

    1 November 2017 6:21 AM 98

    WELLINGTON — New Zealand's proposal to ban foreigners from buying existing homes will not cause house prices to collapse, Trade Minister David Parker said on Wednesday, but it has to be fast tracked to beat restrictions in the Trans-Pacific Partnership (TPP) deal. The Labour government has said it will get the new crackdown into law in early 2018, in a move that will precede

  • Charities’ Funding Allocation Rules under Consideration

    31 October 2017 8:49 PM 104

    Feedback is being sought from the not-for-profit sector as Inland Revenue considers the rules over who can operate as a donee organisation in New Zealand. A Draft Interpretation Statement is out for consultation, which looks at whether an organisation is “wholly or mainly” applying its funds to New Zealand purposes. The statement sets out how IR will interpret

  • Drop in number of homes for sale: Website

    31 October 2017 6:07 PM 95

    New Zealand's largest property listing website has seen a 40 per cent drop in listings since 2014. The number of homes for sale on New Zealand's largest listing website have dropped by 40 per cent since 2014, the most significant drop in the past decade. The number of homes advertised on for sale has dropped 50 per cent in the past decade

  • Fraudster Joanne Harrison pleads guilty to MSD con

    30 October 2017 11:39 PM 90

    Convicted fraudster Joanne Harrison has added the Ministry of Social Development to the list of organisations and people she has ripped off. The 50-year-old pleaded guilty to benefit fraud on Tuesday morning, totalling $6500. Harrison is already serving a three-and-a-half-year jail, a sentence she was handed in February when she was found to have defrauded

  • Bluff oysters free of fatal parasite

    30 October 2017 10:12 PM 72

    Bluff's wild oyster fishery has been declared so far free of a parasite previously found in oyster farms in Marlborough and Nelson. The Bluff wild oyster fishery has been given the all clear for a fatal parasite that could have shut down operations in the region. The Ministry for Primary Industries on Tuesday said it had found no sign of the Bonamia

  • 94 per cent of Kiwis waste food

    30 October 2017 6:00 PM 122

    New research has revealed Kiwis are wasting nearly two billion dollars on binned food every year. Findings from the Rabobank-commissioned research suggest those who eat out more than three times a week are the most likely to waste food, tossing out more than a fifth of the food they buy. The study shows nearly 80 per cent of New Zealanders don't like to waste

  • USD: Has The USD Rebound Reached Its Limits?

    30 October 2017 4:21 PM 77

    Credit Agricole CIB FX Strategy Research discusses the USD outlook this week, noticing that the Fed Chair saga should finally come to a conclusion this week with the deadline being President Trump’s departure for his Asia trip on the 3rd of November. "Reports on Friday confirmed our expectations that Jerome Powell is the most likely candidate taking

  • Jobs boost from gas field development

    30 October 2017 4:10 PM 89

    The development of the Barque field, offshore from Oamaru, has the potential to more than double New Zealand's current oil and gas production, a study has found. The gas-to-shore scenario could generate $450 million in annual GDP from operations and $700 million each year in royalties and taxes over the life of the field. More importantly from a South

  • This is what analysts have to say about Hawaiian Holdings, Inc. (NASDAQ:HA) after last week

    30 October 2017 2:09 PM 94

    Investors sentiment decreased to 1.19 in Q2 2017. Its down 0.04, from 1.23 in 2017Q1. It dived, as 27 investors sold Hawaiian Holdings, Inc. shares while 93 reduced holdings. 52 funds opened positions while 91 raised stakes. 46.61 million shares or 0.56% less from 46.87 million shares in 2017Q1 were reported. Since May 2, 2017, it had 1 buying transaction