China's massive international infrastructure project will benefit the world much like the post-WWII Marshal Plan did for Europe, says Shang-Jin Wei. And the costs are not high for China, although the returns might be

Tweet By Shang-Jin Wei* Since 2013, China has been pursuing its “Belt and Road” initiative, which aims to develop physical infrastructure and policy linkages connecting more than 60 countries across Asia, Europe, and Africa. Critics worry that China may be so focused on expanding its geopolitical influence, in order to compete with the likes of the United States and Japan, …

Port of Napier appoints new chief executive

Napier Port has appointed a new chief executive to take over from long-standing Garth Cowie who announced his retirement earlier this year.Auckland’s Todd Dawson, who has spent the last five years at Kotahi Logistics (a freight…

The 1987 crash – could it happen again?

“We’ve come a long way,” says NZX chief executive Mark Peterson as he considers the state of New Zealand’s stock exchange on the eve of the 30th anniversary of the 1987 crash.”The broker model has changed from a trade focus to a…

Grey Lynn warehouse converted to residential use sells for $1.45 million

Tweet This Grey Lynn warehouseconverted to residential use sold for $1.45m. See below for interior photos. There would have been a few Champagne corks popping after Bayleys’ latest Auckland residential auctions, with sales achieved on two thirds of the homes offered, although the number of homes being auctioned remains low. Of the 15 Auckland homes Bayleys auctioned 10 were sold, …

Court orders reveal Auckland property owners involved with notorious slumlord on the brink of having their properties seized by Westpac

Tweet 676 Mt Albert Road. By Jenée Tibshraeny A search is underway for the owners of two Auckland properties effectively turned into slums by the director of a company called ‘Jesus (2016) Company Ltd’.  Westpac is looking for Yingqiu (otherwise known as Annie) Zhang and Meijuan Chen, as they have defaulted on their mortgage repayments and haven’t complied with Auckland Council …