The Herald can reveal that the largest employee theft in NZ history - of nearly $18m - was discovered by a fluke.

A former ASB Bank investment banker has pleaded guilty to fraud charges involving nearly $18 million.

As gold earns nothing and yields nothing, over the long term it does nothing more than preserve investors' capital from inflation.

A former Remuera investment banker who allegedly stole nearly $18 million from ASB Bank customers is enjoying what could be his last few days of freedom.

Brian Fallow: This morning's interest rate decision for the Reserve Bank is almost a photocopy of the last one on December 10.

New Zealander Graeme Wheeler has announced his resignation as managing director of the World Bank.

ANZ National Bank has slashed its variable home mortgage rates - putting pressure on other banks to follow suit.

Fonterra says around one third of its farmer shareholders have spent $270.7 million buying up new shares in the co-operative.

The New Zealand dollar continued to fall against the greenback after US markets felt the impact of moves by US President Barack Obama to curb bank risk-taking which would in turn hit banks' profits.

The New Zealand dollar kept tumbling overnight, after yesterday's inflation news morning when data showed easing inflation pressures.

Reducing top personal tax rates and having a competitive tax rate with Australia are among the Tax Working Group's recommendations.