Recent Posts

Australia’s Blood Sport, Politics: Turnbull Ousts Abbott

As the sun set in Canberra today, another Shakespearean-worthy political plot was thickening. Prime Minister Tony Abbott’s colleagues in his Liberal Party rallied around a former Goldman Sachs banker and the member of parliament from Wentworth, Malcolm Turnbull. Members caucused and voted 54-44 to oust an increasingly unpopular Abbott and replace him with the country’s top polling politician, Turnbull. Turnbull …

Read More »

Solid Energy insolvent, bank creditors support orderly selldown

Solid Energy’s banking backers can expect to get back between 35 cents and 40 cents in the dollar under a Deed of Company Arrangement that will allow the insolvent state-owned coal miner to be wound up and its saleable assets disposed of over the next two and a half years. A raft of banks, local authorities and businesses including Kiwirail, Fonterra …

Read More »

Auckland median house price up 21% in August year, national median steadies: REINZ

The number of home sales fell 4.4 percent in August from July, while soaring on an annual basis, as the national median price steadied on a monthly reading, according to the latest figures from the Real Estate Institute of New Zealand. Auckland’s median price increased 0.7 percent in August to $740,000, and has surged 21 percent in the year. Some 7,766 homes sold …

Read More »