Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.

Gen Y aren't the only ones living payday to payday, with a third of NZers finding dealing with money "stressful and overwhelming".

No other advanced economy in the world would allow almost all of its banking system to be owned overseas, writes Paul Glass. "Let's require the big four banks to list 25 per cent of just their NZ operations on the NZ Stock Exchange."

The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".

Economics editor Brian Fallow says today's Reserve Bank move is crude, ad hoc and temporary - but it buys some time.

The Reserve Bank has singled out the New Zealand dairy sector as an "area of risk" for the financial system.

The NZ dollar has held steady overnight ahead of the Reserve Bank's Financial Stability Report.

The NZ dollar touched 92.82 Australian cents, its lowest level since late January, as traders price in rate cuts.

New Zealand shares rose yesterday, paced by SkyCity Entertainment Group and Meridian Energy as investors mulled a possible rate cut.

Future economic shocks may hit households harder than in past financial tremors, according to a paper by the Reserve Bank of Australia.

Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.

An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time.

Core retail spending (excluding fuel and vehicle-related spending) fell 0.8 per cent in April, the first time since last June.

Macquarie chief executive Nicholas Moore took home more than A$45,000 ($47,618) a day last year as the investment group posted its best profit result since the global financial crisis.

The kiwi touched 74.23 US cents, and was trading at 74.43 cents at 8am in Wellington, from 74.99 cents at 5pm yesterday.

BNZ boss Anthony Healy says he doesn't believe the Auckland property market is entering bubble territory.

The kiwi dropped yesterday after data showed annual wage inflation in the private sector slowed to a 0.3 per cent pace in the three months ended March 31.

ANZ New Zealand boss David Hisco says the country's biggest bank is working closely with rural customers as falling dairy prices begin to bite, but farmers are better placed to deal with the....

The dropping of Airpoints from BNZ credit cards has lowered the bank's travel reward performance in the latest credit card research.

China Construction Bank New Zealand is on a recruiting drive as it pushes for a slice of the growing market facilitating trade between this country and the world's second-biggest economy.

HSBC's decision in 1993 to abandon Hong Kong for London's Canary Wharf was one of modern history's worst business moves.

ANZ New Zealand has reported a 5 per cent drop in half-year cash profit to $841 million.

The home loan environment could be "as good as it gets" for borrowers, although the potential remains for mortgage rates to track even lower, says Westpac NZ CEO David McLean.

Homeowners look set to enjoy further interest rate cuts, with a broker tipping historic lows within 12 months.