In May, China's factory activities did not get any better with months of successive drops. On Wednesday a private survey revealed that new orders softened, leading to loss of hope for any recovery soon in the huge manufacturing sector of the country.
Partners Life, the life insurer based in Auckland announced that US private equity firm Blackstone is investing $200 million in the company and will hold lesser than fifty percent with "a significant minority shareholding". However the specific level of holding was not disclosed.
On Saturday, Christchurch, New Zealand based outdoor and travel apparel, gear and accessories retailer Kathmandu, drew criticism on the social media for destroying clothing and sleeping bags which could have been donated to the homeless people.
Finance Minister of New Zealand, Bill English has said that the Auckland City Council is to be blamed for the housing crisis.The minister said that it is the council's responsibility to ensure infrastructure funding is available and not the central government of the country.