TSB Bank grew commercial lending at the expense of residential loans last year

PF Olsen says log prices are unchanged but domestic demand is weak, China demand low but consistent although facing summer slowdown, India demand awaits bilateral trade talk outcomes

New Zealand’s commitment to the ‘rules-based order’ may be wearing thin as powerful countries throw their weight around with impunity

US budget close to passage; dairy prices fall; US data unimpressive; Japanese sentiment rises; EU inflation modest; Sydney bracing for wild weather; UST 10yr at 4.25%; gold up but oil holds; NZ$1 = 60.9 USc; TWI-5 = 68.2