US banks will be barred in most cases from trading for their own profit under a federal rule approved this week. The Federal…
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Risky US bank lendings rules OK'd
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
The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews…
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
New rules restricting low deposit home loans will now not apply to new home builds, says the Reserve Bank.
Wall St up on Fedspeak deciphering
Wall Street rose overnight amid optimism that accelerating economic growth will outweigh any pullback in the US Federal…
Economy
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…
Dollar at new 5-year high vs. Aussie
The New Zealand dollar touched a new five-year high against the Australian dollar overnight ahead of a report today which…
Home loan queries dive
Rules slash number of low-deposit mortgages but house buyers still encouraged to ask.
Brian Fallow: Census housing statistics show shortfall not so dire
The Auckland Council reckons Auckland is 20,000 to 30,000 dwellings short of what it needs, writes Brian…
Loan curbs boost for mortgage brokers
Reserve Bank home-loan cooling measures have driven business into mortgage brokers' hands, says Jeff Royle.
How will Auckland cope with growth?
Ensuring Auckland copes with growth and has enough offices, apartments and shops is one of the biggest challenges the city…
Kevin Roberts: Rome wasn't built on apathy
We must first conquer our island syndrome and pull together if we are ever to win the world from the edge, writes Kevin…
Japan cuts 3Q economic growth estimate to 1.1 pct
Japan slashed its estimate of economic growth for the July-September quarter Monday as investment by companies slowed more…
Food, booze push up Dec spending
Economy Archives
New Zealanders have been spending up on food and liquor in the lead up to Christmas, according to Paymark…
Brian Fallow on the economy
Brian Fallow: Home buyers beware - rates are set to rise
More Brian Fallow on the economy
Borrowers need to be aware that current market pricing implies a rise in interest rates of around 2…
Bernard Hickey
Bernard Hickey: Deflation is the real target in economic battle for growth
More Bernard Hickey
Who could possibly be against falling prices? Over the past few years, consumers have relished walking…
Business
Holden stops production in Australia
Updated Up to 50,000 jobs are at risk as General Motors says it will stop making Holdens in Australia by the end of 2017.
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