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90 seconds at 9 am: US economy surges

US Q2 growth surprise; job growth strong; Fed maintains course; tough London rules for bankers; corruption exposed; yields jump; NZ$1 = US$0.849, TWI = 79.6

What happened Wednesday

A review of things you need to know before you go home on Wednesday; non-housing consent record, SFO-FMA co-operation, busy roads, NZD breather, bank bills at 3.7%

Building consents up 3.5% in June

Updated
Building consents rebound 3.5% in June, but mostly in Canterbury; Auckland consents up 2%, but still not enough to catch up with population; Twyford says Govt plan failing

Joyce nationalises Novopay

Updated
Govt to take over Novopay from Talent2; Labour to lift minimum wage to NZ$16.25/hr; Jamie Whyte compares Maori to French aristocrats; Winston rules out working with Mana and Maori

90 seconds at 9 am: NZD slips sharply

US confidence high, house prices low; IMF warns on global growth; Aussie job stress; oil price lower; NZ$1 = US$0.849, TWI = 79.4

Labour highlights drop in export share of GDP

Labour questions Govt's plan to lift exports to 40% of GDP by 2025; points to drop to 29% from 33% in 2008; English says exporters doing well despite high NZ$

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; Westpac grabs some extra margin, Transmission Gully underway, the MetroGlass yo-yo, wholesale rates rise

Bernard's election diary - July 29

Updated
Key leaves Craig to swing in the breeze under 5%; Key backs Smith, but says legal threat "silly"; Smith drops threat; Key says swimmable rivers would cost "billions"; Your view?

90 seconds at 9 am: Russia loses Yukos case

US services and factories expand in July, housing falls in June; Russia loses a $50 bln arbitration case; UST yields 2.48%; oil price lower, gold higher; NZ$1 = US$0.855, TWI = 79.7

Key comfortable if RBNZ intervenes

Updated
PM John Key says agrees with RBNZ that NZ$ over-valued; would be comfortable if RBNZ intervened to sell it down; but restates intervention not effective in long run; NZ$ dips