EU lenders await 'stress test' bank results
Shares across Europe rose yesterday amid hopes that most of the continent's 91 top banks will pass EU-mandated 'stress tests'.
Shares across Europe rose yesterday amid hopes that most of the continent's 91 top banks will pass EU-mandated 'stress tests'.
Over a third of kiwi households will have to use credit to pay for otherwise unaffordable expenses if the Reserve Bank increases interest rates in the coming months, according to a new survey.
New Zealanders wrote one-third fewer cheques last year than they did six years earlier, as consumers opted for quicker payment methods.
Stocks in the US advanced as better-than-anticipated earnings outweighed a decline in homebuilder confidence.
Solid earnings data from corporate America has done little to ease investors' concerns that growth in the world economy is slowing.
Economists expect the Reserve Bank will raise interest rates further late this month, despite lower than expected inflation figures.
New CPI figures show prices rose 0.3 per cent for the June 2010 quarter, meaning annual inflation is running at 1.8 per cent.
Stocks in Europe and the US fell after worse-than-expected US economic data bolstered concern about growth.
After contributing to a famous victory against the forces of financial bigness you'd think the Frozen Funds Group (FFG) would want to chill out a little.
CPI stats due out today will be closely watched...