The number of Auckland house sales were at the highest in 11 years for a June month, while falling from May as winter starts to slow activity, according to Barfoot & Thompson. The city’s biggest realtor sold 1,167 houses in June, down from 1,225 in May, though 13 percent more than the same month a year earlier, it said in a statement. New …

New Zealand’s five major banks (ANZ, ASB, BNZ, Kiwibank and Westpac) have continued to show strong profits and lending growth in the first quarter of the 2015 however lending margins are beginning to contract due to stiff competition. Net profit before tax increased by $94 million or 5.9% to $1.69 billion for the first quarter of 2015, compared to $1.59 …

The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece’s referendum on whether to accept a bailout package from its European creditors, and as the wheels start coming off the local economy. The kiwi dropped to 67.18 US cents at 5pm in Wellington from 68.42 cents on Friday in New York …