Synlait Milk shareholders back large loan from Chinese major shareholder
The loan arrangement runs for 12 months with an 8 percent interest rate.
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Author Archives: RNZ Business Headlines
Lack of trucks on the road confirms economic slowdown – ANZ
An unprecedented drop in heavy traffic suggests economic growth in the second quarter could be ugly reading.
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Food prices fell 0.3 percent in year ended June
Annual food prices have fallen for the first time in nearly six years, suggesting a slowing of inflation pressures.
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Arrowtown landlord’s first and last renting experience as UK high-fliers leave debt
A woman’s first experience as a landlord is likely to be her last after her Arrowtown tenants left with a huge debt.
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Westpac cuts home loan interest rates
Westpac is the first bank to move after the Reserve Bank changed its tone on the outlook for the official cash rate.
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Reserve Bank’s changed tone ‘light at the end of tunnel’ for borrowers
The central bank’s stance appears to have shifted a lot – and not everyone is happy.
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Key shareholder A2 backs $130m loan for Synlait
Synlait needs the loan from its 39 percent shareholder to repay its debt to banks by Monday.
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New Zealanders’ most attractive workplace revealed in new survey
Air New Zealand is top of the list again – and public sector jobs are losing their shine.
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‘Expectations need to be reset’: Is golden age for property investment over?
Investors have done well in recent decades, but there is a warning future gains may be more limited.
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Cost of building new homes drops for the first time in years
The cost to build a new house has dropped for the first time in more than a decade, according to a new report.
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