Latest from Banking and finance
Three major banks cut mortgage rates
Westpac, Kiwibank and ASB have all made cuts to some of their mortgage rates today, as the mortgage war heats up.
April job ads fall 2 per cent
Total job advertisements have fallen for the second consecutive month, according to ANZ figures.
We're saving more, but not shopping around: Report
New Zealanders are saving more than they were less than two years ago but are missing out on deals by not shopping around, says one bank.
Services sector gathers steam in April
New Zealand's services sector picked up pace in the last month, led by new orders.
Big banks keep cutting interest rates
BNZ has cut a key mortgage rate this morning, following rate cutting by other banks on Saturday morning.
Charge for bad debt 'unusually low' - BNZ
BNZ had a 64 per cent drop in its provision for bad and doubtful debts in the first half.
Manufacturing slumps to six-month low
New Zealand manufacturing fell in April to its lowest level in six months, according to the PMI.
Inside Money: Fast times at the Reserve Bank
There's a lot going on in the latest Reserve Bank Financial Stability Report...
Greece renews volatility on world sharemarkets overnight
Investors played it safe overnight as Greek parties struggled to form a new government and Spain asked its banks to set aside more money to cover bad loans.
NZ dollar drops to 4-month low as Europe rattles markets
The New Zealand dollar fell to a four-month low overnight amid market concern about the election of new governments in France and Greece.
Bernard Hickey: Euro voters choose their own interests over creditors
These voter revolts could destroy what had been an article of faith among bond investors: that modern democracies never default on their debts.