Latest from Banking and finance
Aussie Reserve Bank cuts rate to 2.5%
After vindicating expectations of an interest rate cut yesterday, the Reserve Bank of Australia isn't showing much enthusiasm for another.
Auckland property listings up in July
Auckland house prices rose for a third month in July as listings and sales jumped, according to Barfoot & Thompson, the city's biggest realtor.
Kiwi slumps on Fonterra botulism scare
The NZ dollar has dropped a cent and a half in reaction to Fonterra's announcement.
Finance disciplinary body to hear its first cases
A body with the power to fine financial advisers or recommend they be deregistered will hear its first cases today.
Weaker kiwi lifts savings fund returns
The weaker New Zealand dollar gave KiwiSaver funds with exposure to global share markets a shot in the arm over the June quarter.
Liquidation aims to protect all interests
Cynotech Holdings' chairman Allan Hawkins says the company was put into liquidation to protect "everybody's interests".
Rental return views divided: ASB
A divide is emerging between "young investors" and their "not-so-young" counterparts over perceived returns from rental properties, ASB says.
AMP tops KiwiSaver default performance
AMP put in the best performance of the default KiwiSaver providers over the year to June 30.
'Mum and Dad' equity for deposits
Westpac has launched a service allowing family members to help first-home buyers into properties.
China's central bank leads reform
Nobody can accuse the People's Bank of China, China's central bank, of being gun-shy.