Equities dropped, while US Treasuries rose amid a safe-haven search, on concern Greece is headed for default and exit from the euro zone. Greece closed its banks and imposed capital controls, after negotiations between Greece and its international creditors imploded after Prime Minister Alexis Tsipras issued a stunning call for a July 5 referendum on the latest bailout conditions. The …

Today in Auckland the US NZ Partnership Forum gathers for the sixth time. The event brings together a number of senior representatives from Government, business and academia from both New Zealand and the United States. Our American guests include Assistant Secretary of State Danny Russel and Congressman Erik Paulsen (R-Minnesota). Significant progress has been made since the first Partnership Forum was …

Pengxin International executive Terry Lee has confirmed the company will seek an extension to its funding lines for the Lochinver farm acquisition. The funding lines were due to expire today. But late yesterday the company had still not received any feedback from the Overseas Investment Office since Pengxin’s application went to Cabinet Ministers Paula Bennett and Louise Upston just before …