Crunch time for dairy farmers
It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16 season.
It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16 season.
The NZ fell as the US dollar strengthened following signs of rising US inflation.
Banks foreclosed on more than 700 properties in the last year when financially strapped homeowners could no longer afford repayments.
Investors yawned at the news that five of the world's biggest banks agreed to plead guilty in a currency-rigging probe.
The dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected.
The dollar held near the bottom end of its recent trading range as investors weighed up interest rates cuts.
ASB has followed the lead of ANZ and Kiwibank and slashed its fixed mortgage rates.
The dollar fell as the greenback strengthened following better-than-expected US housing data.
Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their home loan rates.
The number of mortgage holders paying break fees to cash in on near record-low interest rates has jumped, with some homeowners saving thousands from the switch.
The last GlobalDairyTrade auction for the season is tomorrow and dairy analysts say indications are that prices may be about to bottom out.
The Reserve Bank of Australia is warning borrowers against taking on too much debt as concerns grow about a potential housing bubble in Sydney and Melbourne.
The Government's property speculator tax crackdown will lead to large-scale real estate dumping before its October 1 start and widespread evasion and avoidance, experts say.
Economists are divided over the likely impact on the Auckland property market of new tax moves to target speculators.
The New Zealand dollar fell on speculation that potential developments could give the bank more room to cut interest rates.
The New Zealand dollar fell after the government stepped up measures to curb Auckland's bubbling housing market.
The Government has surprised the market with a stronger than expected move on property tax, writes Liam Dann.
Whatever lies ahead, your best bet is to avoid any position in which you have to sell - mortgagee sale or not, advises Mary Holm.
Head of Auckland's biggest real estate company wants urges $500k deposit for homes worth over $1.5 million and ditching LVR for homes under $500k.
It's a tough time to be an investment banker in Southeast Asia. Mergers involving Southeast Asian companies have dropped 45 per cent this year to the lowest level since 2009.
The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.
New lending restrictions to be imposed on Auckland property investors will do little to cool the surging market.
Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.
Gen Y aren't the only ones living payday to payday, with a third of NZers finding dealing with money "stressful and overwhelming".
No other advanced economy in the world would allow almost all of its banking system to be owned overseas, writes Paul Glass. "Let's require the big four banks to list 25 per cent of just their NZ operations on the NZ Stock Exchange."
The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".
Economics editor Brian Fallow says today's Reserve Bank move is crude, ad hoc and temporary - but it buys some time.
The Reserve Bank has singled out the New Zealand dairy sector as an "area of risk" for the financial system.
The NZ dollar has held steady overnight ahead of the Reserve Bank's Financial Stability Report.
The NZ dollar touched 92.82 Australian cents, its lowest level since late January, as traders price in rate cuts.