
First shot in mortgage rates war?
BNZ reduces one-year fixed rate to 4.35 per cent ahead of Reserve Bank's expected announcement that OCR will be cut.
BNZ reduces one-year fixed rate to 4.35 per cent ahead of Reserve Bank's expected announcement that OCR will be cut.
Barfoot & Thompson blames fall in Auckland market on winter weather, the Reserve Bank and international economic instability.
US economic data has kept alive expectations the Federal Reserve may hike interest rates this month.
Wall Street rose overnight, recovering part of the previous day's selloff as investors found value in some shares.
The NZX 50 closed down 1.2 per cent at 5590.2 yesterday following a plunge on Wall Street overnight that saw the S&P 500 index fall almost 3 per cent.
NZ shares are being pummelled this morning after Wall St fell on renewed China fears.
The dollar fell after weak Chinese factory data yesterday raised concerns about a slowdown in Asia's largest economy.
Wall St was down overnight as Fed officials left the door open for an interest rate hike this month.
Last month saw the highest number of new dwellings consented in a month since March 2005.
The USD strengthened after Fed Reserve officials signalled the US central bank is on track for a potential rate hike next month.
The dollar edged up with gains limited by a stronger US dollar buoyed by better economic data.
Asian policy-makers need to understand that currency devaluations aren't a cure-all, writes Bloomberg columnist William Pesek.
Wall St rose overnight, rebounding from one of its worst slumps ever, as investors found value in beaten-down equities.
It follows a period of volatile trading as investor confidence about weakness in China abated.
The New Zealand dollar gained as traders pare back bets for the Federal Reserve to hike interest rates next month.
The dollar jumped after US Fed minutes pushed out expectations for a US interest rate hike, damping greenback demand.
Wall St fell overnight after Fed minutes suggested interest rates may not be lifted next month.
The dollar was little changed after dairy product prices jumped as expected at auction overnight.
The NZ dollar rose ahead of tonight's GlobalDairyTrade auction amid expectations whole milk powder prices may gain.
Retail sales volumes edged up in the June quarter, missing expectations, as growth in online buying helped offset a slide in petrol purchases.
The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.