In today’s business news – New Zealand’s trade deficit with the European Union hits $5bn, Huawei New Zealand posts a lower profit and SBS Bank restricts lending to farmers.

The number of farmers who are happy with their banks keeps falling, but the majority have good relationships with them.

The Motor Industry Association said May registration figures fell compared to the year before, and it’s being seen as a sign of the economy slowing down.

Average prices dropped 3.4 percent in the latest global dairy auction, after falling in previous auction for the first time in six monts

The Tiwai Point aluminium smelter has posted an increased bottom line result, although underlying profits have fallen in the face of volatile prices and power costs.

Heightened trade tensions and fears about growth are spooking investors. The NZX-50 closed today down 166 points.

Fletcher Building chief executive Ross Taylor said the Formica Group sale was the last step in the company’s strategy to get out of its non-core overseas businesses.

Liquidators for hacked cryptocurrency exchange Cryptopia need legal advice from the courts as to how to repay out-of-pocket customers as there is no legal precedent anywhere in the world.

A former chairman of the BNZ bank is calling for Sir John Key and other ANZ leaders to resign after the bank was censured for failing to properly calculate its risk.

In today’s business news – Infratil secures financing for a solar project in Texas and Promisia Integrative forced to put its development plans on hold.