The New Zealand dollar rose has risen as high as 64.25 euro cents, its highest since the 17-nation currency entered circulation in 2002.

The New Zealand dollar rose after manufacturing data in the US unexpectedly shrank for the first time in three years.

As UK banks struggle with a crippling IT failure, companies are being warned that technical vulnerabilities are internal, not from the outside.

Inflation targeting, a monetary policy framework pioneered in New Zealand, is now widely discredited.