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Reader poll

A holiday.
62% (151 votes)
A wedding.
27% (65 votes)
A house.
5% (13 votes)
A car.
5% (11 votes)
Education.
2% (4 votes)
Total voters: 244

In your opinion, what's the last thing someone should borrow money to pay for?

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All news stories

Yields hit 3.6% at Bayleys' commercial auction

The yields had more spread than Marmite at the latest Bayleys commercial property auction

What happened today

Updated
A review of things you need to know before you go home on Wednesday; more mortgage rate cuts, seeking more migrants, fatter home loans, more rail riders, Cullen fund managers underpaid

Spotlight on big bank annual results

Andrew Thorburn, capital, revenue, costs, margins and bad debts in focus when 3 of Australasia's big 4 banks report annual results

ASB's Twitter payments assessment

ASB's Russell Jones says enabling Twitter payments wouldn't be hard technically, but there's no business value in doing it, at least for now

Bernard's Top 10

How the young are priced out of Britain; Young UK workers' wages down 15% since 2007; ECAN's high nitrate levels; An Ebola effect?; The amazing magic leap machine; Dilbert

The Weekly Dairy Report

Good feed conditions at present but some nervousness for summer production

How do you want your European bank CoCo, medium, well done, or ... burnt?

Martien Lubberink explains to local fund managers why they need to be very, very careful of European bank securities. Does your fund have any of them?

Positive news sees markets climb

US existing home sales exceed expectations; ECB starts asset purchase program by buying Italian covered bonds; US & European equities up strongly

Immigration boom remains intact

Immigration net annualised gain of 56,000 exceeds previous highs in 2002/03; EUR weaker as ECB commences asset purchase program; AUD surges on Chinese data

NZ yields lower today 'but will be higher next year'

International equities push higher and bond yields rise; RBNZ seen as 'flexible' in use of policy tools

Mortgage competition heats up

Two major banks come late to the mortgage rate reduction party but bring some of the lowest rates with them, boosted by falling swap rates

90 seconds at 9 am: Gold rises

US housing markets recover; ECB may buy corporate bonds; China growth slows, on purpose; UST 10yr 2.21%; oil lower; mortgage rates fall; NZ$1 = US$0.797, TWI = 77.3

Dairy inspections find disappointing practices

Updated
Council says some dairy farmers determined not to accept stewardship responsibilities to farm in ways that are compliant with Otago’s most basic and most important waterway protection rules

Westpac, ASB push on with PayTag

Westpac chief product officer sees strong outlook for PayTag even once mobile wallets are up and running

ASB yet to fully assess API revenue opportunity

A key focus of ASB's API move is addressing real issues in corporate, commercial and rural banking, the bank's executive general manager for technology and innovation says

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; record migrant arrivals, higher credit card debt, China growth still strong, swap rates fall

The Sheep Deer and Cattle Report

No credible alternative offered in red meat restructure states Alliance chief

Best before: February 2014

Infometrics is wondering if the economy has passed its use-by date. What challenges will the next few years bring?

How to think about fixed vs floating

Now that banks are cutting fixed rates again, Bernard Hickey looks at how to think about whether to fix or float, and how long bank economists think the RBNZ is 'on pause'

Migration hits all time high

Updated
Migration adds another 45,414 people to NZ's population in year to September; Westpac sees peak of 55k next year

Feature of the Week

The NZIER quarterly survey of business opinion (QSBO).

Problem reading the charts