Argosy Property, whose shareholders agreed to corporatise the company last year after buying out the ANZ Bank-owned manager, wants to raise up to $100 million to pay for two buildings housing long-term government tenants in Wellington. The new equity will come in two tranches, with $80 million raised from institutional and qualified investors and $20 million through a share purchase …

Hit single?Gangnam Style?by South Korean rapper Psy?the most viewed clip in YouTube?s history?may mark the start of a global shift in which the Asia/Pacific region?s cultural influence catches up to its economic and political importance, says researcher Dr Stephen Epstein. Epstein, Programme Director of Asian Studies in the School of Languages and Cultures at Victoria University of Wellington, is researching …

The New Zealand dollar held above 80 Australian cents ahead of the minutes of the Reserve Bank of Australia’s last policy meeting amid speculation it has further interest rate cuts to come, narrowing the gap with kiwi rates. The New Zealand dollar traded at 80.04 Australian cents, near a two-month high, from 79.99 cents at 5pm in Wellington yesterday. The …