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All news stories

Commuters and remote workers can contribute to economic revival of towns

Andrew Whiteford says that commuters and remote workers can contribute to economic revival of towns, including places like Wanganui

Banks 'still held in high regard'

Few customers moving their primary banking relationship partly due to decline of personal interaction, Consumer NZ says

Prices ranged from $200k to $1.758m at Harcourts auctions

Harcourts auctioned 235 homes throughout the country last week. Prices started at $200,000 but there was only a handful that sold for under $500,000 in Auckland - see full results

What happened Tuesday

A review of things you need to know before you go home on Tuesday; business confidence up, money supply growing faster, housing approvals stutter, other consents very strong, NZD reaches parity with the AUD

US dollar buying re-emerges

Investors flock to USD as geopolitical risks heat up; Chinese growth prospects are again in spotlight

The Sheep Deer and Cattle Report

US beef demand builds again as frozen velvet misses in Korean FTA deal

Key relaxed about dropping RMA reform

Updated
Key relaxed about effect of dropping major RMA reforms on new housing supply; says there are mixed views; Labour open to procedural reform; Smith delays new RMA until late 2015

English won't commit to surplus

English warns oil royalties and withholding taxes on bank deposits down; says 'wait and see' on whether Budget is in surplus by Oct; rejects call for lower OCR target

Building consents flat in February

Updated
New residential building consents are slowly rising in Auckland but declining in most of the rest of the country

Semble mobile wallet launches, sans iPhones

Updated
Semble mobile wallet launches with ASB, BNZ and telcos on board; Available via Android but not iPhones. Semble yet to talk with Apple, expects other banks to join

Commerce Commission wins key fees case

Updated
Commerce Commission says court ruling makes it clear a lender's credit fees should only cover costs closely related to a particular loan transaction; MTF 'disappointed', considering appeal

USD strength sends Kiwi lower

Better-than-expected US data sees NZD/USD trade ½ cent lower; Eurozone sentiment rises to highest point since July 2011; global markets broadly higher

Dabbling sideways

NZ 2-year swap closed at 3.55%, markets eyeing on ANZ business confidence survey for direction, especially pricing intentions

AUD worst of the bunch

Risk appetite ticks up; resumed USD strength leaves AUD struggling; EUR weighed down by Greece (again); support for NZD/USD at 74c

Parity arrives !

Westpac will now only give you NZ$1 for each AU$1 you sell them via a telegraphic transfer in a retail transaction according to their online tools

90 seconds at 9 am: US growth sags

US savings rise; US house sales rise; China cuts deposit requirements; oil and gold prices lower; NZD edges closer to parity; NZ$1 = 75.2 US¢, TWI = 80.2

The inconvenient truth of inflation and economic growth

Inflation is not dead, it is heading for 5% says Roger J Kerr who has 'a thousand words' to support that in two short images

Be penny-wise, pound-rich

Elizabeth Kerr is sweating over the apathy toward small change

Govt promotes renewable energy

'Ifs' and 'buts' around the oil and gas industry's ability to bring mega bucks to NZ; 'NZ relatively risk-free and fiscally attractive'

What happened Monday

A review of things you need to know before you go home on Monday; Westpac and F&P Finance cut rates, employment confidence high, ditto investor confidence, ditto for bank satisfaction

Feature of the Week

This is a quarterly reading of employment confidence, done by McDemott-Miller for Westpac, and published by Westpac economics.

Problem reading the charts