Mortgage top ups accounted for nearly half of new mortgage approvals in April

National average asking price on Trade Me Property down $50,000 over the last three months with Auckland's down $91,300

By not following ANZ up, its main rivals have opened up a competitive mortgage pricing advantage. Will they take the extra margin and rise too, or the extra volume that lower prices can encourage?

Alessio Terzi and Stefano Marcuzzi consider lessons from the three-century era when corporate monopolies operated beyond the reach of sovereign powers

ASB's $6.73m anti-money laundering fine confirmed by High Court after compliance failures relating to billions of dollars worth of transactions

A review of things you need to know before you sign off on Wednesday; no majors follow ANZ up, top-ups rise, 8.3% rates rise is a three year low, truckometer loses momentum, fuel full, swaps stable, NZD firmish, & more

US inflation expectations ease but SMEs turn glum; Japan improves; China excavator sales roar but car sales reverse; Iran tolling Hormuz transits; UST 10yr at 4.55%; gold and oil little-changed; NZ$1 = 58.1 USc; TWI-5 = 61.8