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Risk trade unwinds as Wall St falls
Disappointing US economic data prompted a selloff in oil overnight, which dropped more than 8 per cent. Stocks on Wall Street fell, with losses accelerating towards the close.
ANZ says it is adequately provisioned for Chch earthquake
New Zealand's biggest bank, ANZ, says it has adequate provisions for the impact of the Christchurch earthquake.
Bollard holds OCR steady at 2.5pc
Reserve Bank governor Alan Bollard has held interest rates steady at 2.5pc and says there's no need to raise them any time soon.
Crown fielded proposals to buy SCF
The Crown fielded a number of proposals to recapitalise South Canterbury Finance (SCF) or buy it before and as it collapsed but most involved some form of Crown support, according to documents released today.
New RWC pay cards not just for rugby, says sponsor
Fans will need either cash or a special new MasterCard to buy food and drinks at RWC games.
No Eftpos at RWC games after sponsorship deal
Rugby World Cup fans have been told there will no Eftpos at games - and in Auckland and Wellington stadiums, only new debit cards issued by sponsor Mastercard will be accepted.
Credit card fee shock for Kiwis buying overseas
Travellers and online customers are likely to end up paying more for their purchases if they opt to pay in NZ dollars.
Drop the dial-up or face eftpos delays, NZ shops warned
Businesses frustrated at the length of time taken to process new 'chip and pin' credit cards are being told to ditch slow dial-up connections.