News in Brief
News in Brief
News in Brief
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Wakeup call: Oil over US$110/barrel
Brent crude prices jumped over US$110/barrel to fresh seven-year highs overnight as traders, shippers and bankers bailed out of anything to do with Russian oil supplies and Opec + chose not to increase its output much. Elsewhere, Armstrong's is reported to be considering a stock market float.
News in Brief
Credit law changes hurt best-quality borrowers most
Mortgage approvals were down six percentage points in February compared with October.
News in Brief
NZ shares seesaw and investors buy bonds
The disruption within the two commodity-producing nations will add to inflationary pressures and sanctions are likely to slow European growth.
News in Brief
Auckland leads housing consents down with 15% drop
In the first major sign that the building sector has peaked, national housing consents in January dipped 6.3% and are likely to stay at these reduced levels.
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