Royal Bank of Scotland reports loss after charges

LONDON (AP) ” Royal Bank of Scotland, which is majority-owned by the U.K. government, reported Thursday a loss of 446 million pounds ($690 million) for the first quarter of 2015 after taking charges for regulatory probes and restructuring.The…

US labour markets rebound, consumer spending rises; Greece makes serious concessions; EU unemployment high; RBA eyes rate cut; long rates rise again; gold falls; NZ$1 = 76.2 US¢, TWI = 79.7

Tweet Here’s my summary of the key issues from overnight that affect New Zealand, with news of rising labour costs and falling jobless numbers in the US. The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the US economy was regaining some momentum after virtually stalling in …

Airbus profit up on Dassault sale but orders down

PARIS (AP) ” European planemaker Airbus says it has seen its profit jump in the first quarter thanks to the sale of a stake in rival Dassault Aviation, though its plane orders and deliveries fell slightly.Airbus reported net profit…

As house prices rise, so too are the size of home loans with the value of weekly mortgage approvals just a shade off record high

Tweet Image sourced from Shutterstock.com By Gareth Vaughan Kiwis are gorging themselves on bigger mortgages than ever as house prices in Auckland reach eye watering levels. The latest weekly housing loan approval data from the Reserve Bank shows $1.521 billion worth of home loans were approved last week – the week to Friday, April 24. That’s just $21 million shy of …