The Reserve Bank is tipped to raise the Official Cash Rate next week, despite lower than expected economic growth.

Shares across Europe rose yesterday amid hopes that most of the continent's 91 top banks will pass EU-mandated 'stress tests'.

Over a third of kiwi households will have to use credit to pay for otherwise unaffordable expenses if the Reserve Bank increases interest rates in the coming months, according to a new survey.

Stocks in the US advanced as better-than-anticipated earnings outweighed a decline in homebuilder confidence.

Solid earnings data from corporate America has done little to ease investors' concerns that growth in the world economy is slowing.

NZers will look back on the winter of 2010 as the moment we finally realised the last decade of growth was a sham.

Economists expect the Reserve Bank will raise interest rates further late this month, despite lower than expected inflation figures.

New CPI figures show prices rose 0.3 per cent for the June 2010 quarter, meaning annual inflation is running at 1.8 per cent.

Stocks in Europe and the US fell after worse-than-expected US economic data bolstered concern about growth.

CPI stats due out today will be closely watched...

The NZ dollar peeked above US71c for the first time since late June as good economic data from the US and Australia restored faith in the global economic recovery.

South Canterbury Finance has named a former Rabobank executive to run its so-called "good bank".