Rotorua's runaway millionaires continue to enjoy their ill-gotten fortune in Hong Kong and there is nothing NZ police can do about it.

I am going to resist the temptation to make fun of ING's new Australasian name: OnePath.

The NZ dollar is recovering this morning after a sharp fall yesterday.

World shares have fallen on unexpectedly bad US jobs data.

The first of the big banks has hiked its floating mortgage rate after the Reserve lifted the Official Cash Rate by 0.25 per cent last week.

Stocks in the US advanced as better-than-expected expansion in private-sector jobs and the nation’s services sector eased some of the recent heightened concerns.

A banker at the centre of an alleged multimillion-dollar mortgage fraud has been ordered to pay nearly $1.3m in damages to his ex-employer.

ASB's decision to close a number of its retail funds caused a bit of a kerfuffle recently but it shouldn't have been a surprise.

Allied Farmers has unveiled a $19.3 million capital raising plan.

While increasing the OCR this morning, Reserve Bank Governor Alan Bollard has indicated that future hikes won't be as aggressive as earlier tipped.

The NZ dollar climbed to a six-month high as a surge in new home sales in the US stoked investors' appetite for higher-yielding, or riskier, assets.

It's clear the economy has become dependent on the debt growth fuelled by the housing market's ever-increasing values.

The New Zealand dollar may advance as traders eschew an out-of-favour greenback and seek growth assets Downunder this week.