Economy
Banks continue to cut rates
The National Bank, ANZ and ASB have cut interest rates on a range of loans, hot on the heels of cuts by Westpac and Kiwibank yesterday.
Survey says kiwis feeling Xmas pinch
Stockings may be filled with IOUs this year as the financial crisis forces Kiwis to rein in their normal Christmas spend up.
Record numbers cross the ditch
The brain drain to Australia has hit its highest levels on record.
Fonterra cuts payout
Fonterra has cut its 2008/09 payout forecast by 60 cents to $6 a kilogram of milk solids. The reduction follows a 24 per cent drop in international dairy commodity prices in the last eight weeks. But Fonterra said the San Lu debacle was also partially responsible for the magnitude of the payout cut although it did not say by how much.
RBNZ buys up $1.5b of securities
The Reserve Bank injected $1.5 billion of cash via its new Term Auction Facility (TAF) overnight.
Manufacturing industry shrinking
The manufacturing industry has the honour of being the only industry shrinking in terms of jobs, data released by Statistics New Zealand (SNZ) today showed.
Westpac cuts lending rates
Westpac has cut a range of home loan and business lending rates.
US may see more rate cuts
US Federal Reserve officials slashed their growth forecasts through 2009 and some believed even deeper interest rate cuts may be necessary if growth slows further, minutes of their October meeting released overnight show.
Property price fall expected to hit 13pc
House prices are expected drop by up to 13 percent for the 12 months to early next year, according to economic forecasters Infometrics.
Exports show resilence
The export sector is demonstrating resilience at a time when economists expect it to take a hit from slowing growth in key export markets.
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Recent Headlines
- Production costs soar again
- Volatility to be normal: Fonterra
- Key eyes single capital market with Aussie
- Record slump for housing market
- Weather and fuel costs hit food prices
- Vegetables drive lower food prices
- Bank economists support 100-point interest cut
- Retailers pin hopes on holiday jingle
- Bank loan losses will rise - RB
- Cullen releases grim Treasury figures
- Property prices fall 4.28 pc
- Manufacturing activity at record low
- Retail sales slump again
- Easing dollar to offset lower prices
- It's grim but we still get tax cuts
- Financial systems holding up well - RBNZ
- Treasury books "not armageddon" says Key
- Declining farm values needs management: RBNZ
- Crisis bites tourism sector
