The NZ dollar has dropped a cent and a half in reaction to Fonterra's announcement.

A New Zealander has been tasked with what has been described as the toughest job in UK banking.

The weaker New Zealand dollar gave KiwiSaver funds with exposure to global share markets a shot in the arm over the June quarter.

Cynotech Holdings' chairman Allan Hawkins says the company was put into liquidation to protect "everybody's interests".

A divide is emerging between "young investors" and their "not-so-young" counterparts over perceived returns from rental properties, ASB says.

AMP put in the best performance of the default KiwiSaver providers over the year to June 30.

Westpac has launched a service allowing family members to help first-home buyers into properties.

Reserve Bank governor Graeme Wheeler served notice yesterday that how far he raises interest rates will depend on the housing market and how far pressures there spill over into general inflation.

Diplomats and ministers are grappling with thorny issues as they work to secure New Zealand a seat on the UN Security Council for 2015-16.

The Reserve Bank governor has kept the official cash rate at 2.5 per cent, though he'll mull a hike if the momentum in housing spurs broader inflation.

The Government seems to have decided to get out of the way of Reserve Bank plans to curb low-deposit mortgage lending.