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Warning Rate Payers of an Expected Hike, Auckland Council Spends $90,000 on Telephone Calls and Letters

Auckland News - Tue, 07/14/2015 - 11:47

There is a rate rise coming for the Auckland residents and the Auckland Council made a herculean effort to warn the people in advance by making individual phone calls.

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Labour Warns Overseas Purchases are Inflating Property Prices

Auckland News - Sat, 07/11/2015 - 11:09

Are the Chinese New Zealanders really to be blamed for the sky rocketing housing pieces in New Zealand? At least that is what Phil Twyford , the Labour's housing spokesman has to say.

Phil Twyford said that the sales data gathered by a major property firm revealed that people who had Chinese names purchased about forty percent of the total houses sold in the past three months till April end.

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Bill English New Zealand’s Deputy PM Warns Proposed Measures to Tackle Housing Reforms May Backfire if not Handled Carefully

Auckland News - Fri, 06/19/2015 - 11:15

Auckland's galloping house prices have heated the housing market and to tackle the issue, the Productivity Commission has proposed several aggressive measures.

However, Bill English, the country's Deputy Prime Minister and the Finance minister, opines that if the issue is not tacked with caution, it may backfire.

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Mice infestation in McDonald’s Restaurant in south Auckland; Health officers Probe the Issue

Auckland News - Fri, 06/19/2015 - 11:14

One of the customers who took her child for a HAPPY Meal to an out let of McDonald's in south Auckland captured a video of several mice running around in the kid's play area.

The fast food giant said that they are taking several measures for pest control and have kept the area locked since the rodent infestation.

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New Zealand Plays an Important Part in setting up International Bank led by China

Banking Sector - Tue, 06/16/2015 - 11:40

Prime Minister John Key said that New Zealand had a significant role to play in setting up a China- led international investment bank which is expected to have an initial capital of approximately $US100 billion.

In the Asian Investment Bank , New Zealand will be one of the founder members and will put in an amount of $NZ125 million in the next five years.

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Faulty Fletcher Building Concrete Affect Seventy Buildings including Part of Auckland University

Auckland News - Wed, 05/06/2015 - 11:26

Firth concrete which is owned by Fletcher Building, the largest construction company of New Zealand produced some sub-standard concrete which may have affected seventy construction sites which also includes $200 million science expansion site of University of Auckland.

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Westpac to Apply Tougher Tests to New Property Investor Borrowers

Banking Sector - Mon, 05/04/2015 - 13:17

Westpac, an Australian bank and financial-services provider, is going to apply tougher tests to new property investor borrowers while assessing how they would manage with higher interest rates in response to regulators' attempts to prevent the housing market from overheating.

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Bank of America Announces Profits for the First Quarter

Banking Sector - Thu, 04/16/2015 - 12:02

Even with a drop in revenue, the first quarter profit of Bank of America was up, mainly owing to a decrease in the legal expenses. Bank of America announced its first quarter earnings for 2015 on Wednesday which amounted to $3.4 billion. When compared to the loss of $267 million in the first quarter of 2014, the figures seemed to be very optimistic.

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