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Consumer confidence in festive mood
Consumer confidence in festive mood

Consumers are in a buoyant mood, auguring well for retailers' festive season takings. The ANZ Roy Morgan consumer confidence…

Brian Gaynor: Next year an economic cracker

Next year should be a cracker as far as the New Zealand economy is concerned. There are strong indications that it will…

Exports add to interest pressures

Export commodity prices have joined the housing market and the exchange rate in the front row of drivers of the interest…

National house prices up again

National house prices rose $17,475 last month to reach a $425k median. But are falling sales numbers a sign that new loan…

Reserve Bank OCR stays at 2.5pc
Reserve Bank OCR stays at 2.5pc

The Reserve Bank has left the official cash rate unchanged at 2.5 per cent. Interest rates are expected to increase early…

Risky US bank lendings rules OK'd
Risky US bank lendings rules OK'd

US banks will be barred in most cases from trading for their own profit under a federal rule approved this week. The Federal…

Card spending rises again
Card spending rises again

Retail spending went from strength to strengthen last month as the plastic got more of a workout.

Support grows for Reserve Bank to raise OCR
Support grows for Reserve Bank to raise OCR

The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews…

Economy

Dollar hits new five-year high against Aussie
Dollar hits new five-year high against Aussie

The New Zealand dollar touched a new five-year high against the Australian dollar after Reserve Bank…

Wall Street keeps sliding overnight

Wall Street continued its slide overnight even after American retail sales rose more than expected as the data fuelled talk…

Dollar slip ahead of Reserve Bank rate decision

The New Zealand dollar declined ahead of the Reserve Bank decision on interest rates today where investors will be eyeing…

Wall Street slides overnight

Wall Street sank overnight as a bipartisan US budget deal removed one of the obstacles the Federal Reserve had previously…

Dollar pares gains after Fonterra maintains farmer payout
Dollar pares gains after Fonterra maintains farmer payout

The New Zealand dollar pared gains after Fonterra Cooperative Group, the nation's largest company, dashed…

Fed positioning stalls Wall St rally

Stocks on both sides of the Atlantic fell overnight, pushing the Standard & Poor's 500 Index down from a record-high…

Growth tipped to continue despite dip in Truckometer

ANZ says its Truckometer is still pointing to strong momentum in the economy despite dipping last month.

Aucklanders' personal income falls

Personal income has fallen dramatically in South Auckland compared to more affluent Auckland areas, according to the latest…

Builders welcome loan backdown

The construction sector has welcomed the Reserve Bank's decision to exempt new home builds from low deposit loan restrictions…

Reserve Bank buckles on loan rules
Reserve Bank buckles on loan rules

New rules restricting low deposit home loans will now not apply to new home builds, says the Reserve…

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