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Interest rates tipped to rise despite CPI dip
Economists expect the Reserve Bank will raise interest rates further late this month, despite lower than expected inflation figures.
Inflation now 1.8pc - lower food prices offset tobacco hike
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.
Signs of US weakness hits world markets overnight
Stocks in Europe and the US fell after worse-than-expected US economic data bolstered concern about growth.
Inflation-watchers waiting for CPI numbers
CPI stats due out today will be closely watched...
NZ dollar peeks above US71c on risk appetite boost
The NZ dollar peeked above US71c for the first time since late June as good economic data from the US and Australia restored faith in the global economic recovery.
Former Rabobank executive to run South Canterbury Finance's 'good bank'
South Canterbury Finance has named a former Rabobank executive to run its so-called "good bank".
Kiwibank growth slows
Kiwibank had slowing growth and shrinking margins in the March quarter, says KPMG.
NZ dollar gains on weakening US dollar
The New Zealand dollar gained on a weakening greenback after comments from the Reserve Bank of Australia yesterday spurred traders' appetite for high-yielding currencies.
Uncertainty on Wall St as US stocks fall
Stocks in the US fell overnight, erasing an early rally, on evidence of a slowdown in growth in the US services sector.
Stocks and oil slip on world markets overnight
Stocks in Europe, Brazil and Canada fell, as did oil prices, amid increasing signs that economic growth was cooling globally.
Auckland house prices slump in June
Auckland house sales slumped 16pc in June, with the average sale price falling 3.6pc from a year ago, says real estate firm Barfoot & Thompson.
Kiwibank calls for compulsory KiwiSaver membership
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10 per cent of income.
Rents will rise as house prices fall, says Westpac
House prices will fall gently for the next two years before levelling out, says a leading bank economist.
World equities slide overnight
Equities slid overnight amid further signs of economic weakness in China, Europe and the US.
NZ dollar falls on US recovery fears
The kiwi dollar extended its decline to a three-week low as fears over America's recovery sapped investors' appetite for riskier assets.