Chinese Deputy Premier, Hui Liangyu, got concrete proof that Chinese investment in New Zealand is welcomed, with the signing of a memorandum of understanding in Wellington today.

Commonwealth Bank has been rated the worst of Australia's major home lenders, while the industry's smaller players remain the people's favourites.

A British trader has sparked outrage by telling BBC news how he dreams of another recession because of the money he can make out of it.

Prime Minister John Key thinks the government will be able to stick to its surplus and debt tracks if Asian economies stay "de-coupled" from the economic turmoil in Europe and the United States.

The UBS rogue trader debacle shows how little banks have learned since the world financial crisis.

New Zealand's economy probably slowed from its surprisingly robust first-quarter pace in the second three months of 2011 as construction stayed weak and manufacturing continued to tread water.

Bernard Hickey with ten questions about the European debt mess and what it might mean for New Zealand.

Reserve Bank Governor Alan Bollard is expected to keep the official cash rate unchanged next week while signalling the stimulus of a record-low OCR will be removed sooner rather than later as inflation pressures start to stir.

Those who think that the Euro will disintegrate are not fully aware of the dynamics of the European Union, the EU Commission President Jose Manuel Barroso said in Auckland today.

Stocks in Europe and Italian fixed-income securities were pummelled on concern about the euro zone's debt crisis. The benchmark Stoxx Europe 600 Index ended the day with a 4.1 per cent drop.