A huge overhang of unsold properties does not bode well for the housing market this winter

Wholesale money markets are giving clear signals about where interest rates are heading. Until inflation is back within central bank targets, retail rates will rise

NZ First wants to buy BNZ from its Aussie parent, and merge it with Kiwibank to create 'a National Bank of New Zealand', says Winston Peters

Although term deposit rate changes have lagged wholesale and mortgage rate rises, there's been a steady stream of them, shifting where you can find the highest rates

Campbell Parker says that the dairy sector has always leaned in to change. He identifies the next decade's new opportunities and wants the industry to move quicker to retain its globally competitive position

Risk sentiment weaker; no fresh developments in the Middle East. Oil up. US CPI inflation up in April, which put upside pressure in US Treasury yields. Global forces drive up NZ rates

Trump leaves Beijing with little; US stockpiling effects gathers steam; Canada housing starts stay high; Japan machine tool orders leap; Russia contracts; UST 10yr at 4.60%; gold dives and oil rises; NZ$1 = 58.4 USc; TWI-5 = 61.9