Commodities slide on world markets overnight
Commodities slid, taking stocks on Wall St. lower overnight, amid concern that rising food and raw materials prices would cut into corporate profits.
AdvertisementAdvertise with NZME.
Latest fromBanking
Leading questions: Sarah Mehrtens
Business leaders share their approach to money and lessons they've learned.
Goldbugs see no end to price rises
Gold investors have high hopes about price rises continuing in 2011.
Bank urges taxpayer to relax ban on cash bonuses
Royal Bank of Scotland wants to start paying its top performers cash bonuses of up to £50,000 again.
<i>Bernard Hickey :</i>Why Australian banks are crucial if NZ goes bankrupt
What would happen if the world judged New Zealand Inc was unable to service its debts?
China adds to positive tone on world markets
Equities on Wall Street began the final five-day trading week of the year on a positive note amid takeover news and optimism about the global economy.
<i>Brian Fallow:</i> Good news, bad news
If the good news is that the Reserve Bank expects rates to be lower for longer, the bad news is why it thinks that.
Bollard holds OCR, flags slower path for rate rises
Reserve Bank Governor Alan Bollard isn't expected to start hiking interest rates again until the middle of next year after he held the official cash rate at 3 per cent today.
<i>Bernard Hickey - </i> Bollard bets on end to housing love affair
I worry that the banks are trying to unleash those animal spirits in the housing markets again.
Bollard leaves OCR at 3pc
The Reserve Bank has left the Official Cash Rate on hold at 3 per cent. In his Monetary Policy Statement, Governor Alan Bollard said the pace of economic growth 'appears to have moderated'.