What's happening in the world of business, finance and economics today? We have the latest business, markets, currency and personal finance news, opinion and market reports.
1. Building
At 10.45am, Statistics NZ will release data on building consents issued in May, a big gauge of economic productivity and confidence. The number of consents issued has been increasing lately, particularly in the dwelling-starved Auckland market. Housing and Building Minister Nick Smith keeps a close eye on this and often comments.
2. Foreigners
The Overseas Investment Office will release data today on foreigner entities and people buying assets in New Zealand.
3. Decision
The Commerce Commission is due to release its decision today on the Fletcher/Higgins deal.
4. Stride
Stride Property's special general meeting is at 9am at Rydges Hotel in Federal St. This is to vote on restructuring the business into a stapled group comprising its real estate investment management business and its property-owning portfolio investment entity. The Stride board is proposing this because real estate investment management business has grown to the point where the business would lose its PIE tax status.
