Latest from Banking and finance

Three areas where REINZ sees recovery: House price changes

Auckland is now at $995,000, the third month in a row its median is below $1m.

Fed pauses rate rise campaign but signals more to come

First reprieve since US central bank embarked on aggressive monetary tightening programme.

GDP preview: Did we avoid recession? Economists make their calls

Data this week will reveal how the economy performed in the first quarter of the year

Lower inflation on food prices ‘a long way away’, economists say

Annual food price inflation is still close to 30-year highs.

ComCom warns HSBC over home loan and overdraft contracts

The bank self-reported the breaches.

EY chief Carmine Di Sibio to retire after failure of split plan

Financial Times: Work on doomed project cost more than US$600m.

‘Edging closer’: ASB survey pinpoints housing market turning point

"Tentative signs of an uptick in activity, moderating price falls."

Retail spending slump signals looming economic downturn

Card spending fell for the first time since February.

FMA takes Medical Assurance Society to court over fair dealing breaches

'Errors and deficiencies' in Medical Assurance Society systems.

US-China tensions have upended global order, Jamie Dimon warns

Financial Times: The situation is worse now than during the Cold War, says JPMorgan boss.

A 2023/24 milk price of $8/kg will be a pinch for farmers

Fonterra's "mid-point" forecast of $8/kg will be close to break-even for farmers.

The ‘new norm': Are home loan borrowers getting used to higher interest rates?

Signs are there, but a mortgage broker says there is worse to come for some.

Business confidence rebounding, but is it too soon for Reserve Bank’s inflation fight?

The construction sector is reporting an improved outlook, according to the ANZ survey.

Web outages: InternetNZ apologises for ‘change of house keys’ gone haywire

Administrator of NZ's web says sorry, offers a few more details.

India files criminal complaint against Rolls-Royce and BAE

Financial Times: Groups accused over historic deals to supply country with fighter jets.

How to buy a global $20 billion company for nothing

Financial Times: Japan is only theoretically fertile territory for stock market takeovers.