Best farmland 'already gone'

Concern foreign buyers cherry-picking farms

The best of New Zealand's farmland has been cherry-picked by cash-rich foreign buyers, opponents of overseas ownership claim.

Action launched over Feltex statement

3:05pm The liquidators of failed carpet maker Feltex have launched proceedings against big four accountancy firm Ernst & Young (E&Y).

Riots as Greece approves austerity

Greek parliament approves austerity bill to secure a second international bailout amid the country's worst riots in years.

NZ stocks pare losses on deal

Midday update

NZ stocks pared their losses in morning trade but still remained in the red after Greek politicians approved the latest austerity package.