Finance ministry says Washington should end ‘suppression’ of Chinese firms after talks with US Treasury Secretary.
RNZ
Mounting economic pressure is forcing retailers to weigh up their future, with the majority of firms missing their sales targets.
www.abc.net.au
The ASX has fallen by close to 2 per cent at the start of trade, following Wall Street's lead after strong labour market data out of the US increased the likelihood of a Federal Reserve rate hike to curb inflation. Follow live.
Several global markets have enjoyed very strong performances in June and so far this year. NZ and Australian markets have delivered positive performances but have lagged in comparison. Index performances are though but a yardstick for astute active investors.
Three of the five main banks have now pushed through higher home loan rates. Two of them have also raised some longer term deposit rates. In the background, some wholesale swap rates pushed on up to 15 year highs
US reveals more positive data; China's PMIs concerning, steel industry struggles; Japan industry jumps; Canberra reveals monster May surplus; UST 10yr 3.84%; gold and oil up; NZ$1 = 61.4 USc; TWI-5 = 69.8
Collected news from the world of investment, insurance, capital markets and financial services. Keep Reading
Newshub
"It's that situation where good news is bad. The economy is not strong, we're sort of limping along."
NZ Herald
The Reserve Bank has left the Official Cash Rate on hold.
The Money