Overseas investors are agressively buying New Zealand commercial property and pushing prices out of the reach of local buyers, a commercial real estate broker says.
Former Volkswagen chief executive Martin Winterkorn has been accused of conspiring to mislead US regulators about the carmaker’s emissions in a scandal that has been called ‘dieselgate’.
The country’s biggest fuel company, Z Energy, has reported a modest lift in its profit as competition and supply disruption partly offset increased sales and higher margins.