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House prices fall across NZ - soar in AKL
REINZ figures show the national median house price fell 4.2 per cent in April, but rose 18pc in Auckland.

Home buyers get new online loan option
A newly licensed online lending service is targeting prospective homeowners who have been shut out of the mainstream mortgage market by low-equity loan restrictions.

House prices tipped to keep rising: survey
Expectations of rising house prices remain close to historic highs in ASB's quarterly survey of housing market sentiment.

Bank chief: There is no housing bubble
A second banking chief has denied Auckland has a housing bubble, saying many factors were combining to drive prices up including the city's sheer desirability.

SkyCity lead stock index higher
New Zealand shares rose yesterday, paced by SkyCity Entertainment Group and Meridian Energy as investors mulled a possible rate cut.

C+M receivers planning payout
One-third of Capital + Merchant Finance's $18.5 million settlement fund is ring-fenced for claims from the failed firm's trustee and a global investment giant.

Market braces for low milk price forecast
Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.

Tesla battery 'a gamechanger'
Vector chief executive Simon Mackenzie believes Tesla's new batteries will help transform the energy sector.

Dollar may drop due to rate cuts
The dollar may decline this week as economists bet the Reserve Bank will start cutting interest rates as early as next month.

Rare Edwardian building for sale
A booming property market is dragging rare finds on to the sales list - the latest the former Onehunga Post Office.

Safety-first KiwiSavers risk losing out
KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.

Macquarie boss enjoys big pay hike
Macquarie chief executive Nicholas Moore took home more than A$45,000 ($47,618) a day last year as the investment group posted its best profit result since the global financial crisis.

Warehouse posts 5pc gain in 3Q sales
Warehouse Group has posted a 5 per cent gain in third quarter sales to $635m which it said was in line with expectations.

Stock Takes: Big drop? Look on the bright side
Christopher Adams on Arria and Brian Henry's bright outlook, the Milford Asset Management FMA investigation and more.

Z earnings up as work slows on plant
Z Energy says work has slowed on its $20 million biodiesel plant but it will be finished in the next nine months.

Heartland shares rise as Quadrant sells 9pc stake
Shares of Heartland New Zealand rose after coming out of a trading halt as Quadrant Private Equity sells its 9 per cent stake in the bank.

Kiwi falls despite RBA's rate cut
New Zealand dollar parity with the Australian currency became less likely yesterday after the cross rate, contrary to expectations, fell in the wake of the Reserve Bank of Australia's decision to cut its official cash rate for second time this year.

Wine boss accused of kickbacks
The trial of former New Zealand Wine Company chief executive Peter Scutts over allegations of kickbacks continues today in the High Court at Auckland.

We're next in line for Gulf FTA, Key
New Zealand should be the next cab off the rank in securing a free-trade deal with the Gulf Co-operation Council, with Prime Minister John Key "much more positive" about it.

'As good as it gets' for borrowers
The home loan environment could be "as good as it gets" for borrowers, although the potential remains for mortgage rates to track even lower, says Westpac NZ CEO David McLean.

NZX buys livestock info business
Exchange operator NZX has bought livestock market information business iFarm for an undisclosed sum.

Dairy prices poised to fall again
Market signals suggest international dairy prices will again fall at this week's GlobalDairyTrade (GDT) auction.

Xero changes recruiting tactics
Xero is changing its tactics for hiring senior executives after the departures of its North American chief executive and a US-based chief financial officer.

How does NZ rank with Chinese buyers?
New Zealand is the second-cheapest country in the world for Chinese property shoppers but also one of the most popular, according to a Chinese real estate site.