rnz.co.nz

Investors may see biggest impact of Reserve Bank's lending limits (www.rnz.co.nz)

The Reserve Bank says that from 1 July, banks will only be able to lend about 20 percent of their new lending to owner-occupier borrowers with a debt-to-income ratio of more than six. That means, if your household earns a combined $100,000, your loan will be limited to $600,000....

Mexico heat wave melts temperature records in ten cities, including Mexico City (www.rnz.co.nz)

A searing heat wave has prompted blackouts nationwide and pushed the power grid to the brink.Mexico registered record-high temperatures in 10 cities, including the capital, authorities said on Friday, amid a searing heat wave that has prompted blackouts nationwide and pushed the power grid to the brink....

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