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![Investment banks in for a shocker](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Investment banks in for a shocker
Goldman Sachs Group, whose shares have fallen 43 per cent this year, may report its lowest quarterly profit since the 2008 financial crisis.
![World sharemarkets up on Euro bank plan approval](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World sharemarkets up on Euro bank plan approval
Sharemarkets in Europe and the US are up after investors appeared to endorse the European plan to recapitalise threatened banks.
![Bernard Hickey: What did double-downgrade day really mean?](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bernard Hickey: What did double-downgrade day really mean?
Now the dust has settled on 'Double-Downgrade Day', it's worth looking at what it all means.
![Greek woes may affect NZ credit access - Bollard](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Greek woes may affect NZ credit access - Bollard
Greece's sovereign debt woes could end up affecting New Zealand's access to credit and slowing down the country's economic growth, says Alan Bollard.
![Investment welcome mat rolled out for Chinese Deputy Premier](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Investment welcome mat rolled out for Chinese Deputy Premier
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.
![World markets tumble on recession fears](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World markets tumble on recession fears
A new report quashing hopes China's would pick up the slack from problems in the US and Europe has sent...
![William Cohan: Trader's $2.8b loss punts Wall St back into regulators' jaws](/pf/resources/images/placeholders/placeholder_l.png?d=793)
William Cohan: Trader's $2.8b loss punts Wall St back into regulators' jaws
The UBS rogue trader debacle shows how little banks have learned since the world financial crisis.