New Zealand told a wary United States of its involvement in a new Chinese infrastructure bank from the start and those conversations were never tense, officials say.

The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.

An expert says many people are living in 'lala land' when it comes to how much they can earn off their savings.

ASB, which reported a record annual profit yesterday, is increasing rural provisioning as a slump in dairy prices puts increasing financial pressure on farmers.

The NZ dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation.

Downbeat economic commentary continued to flow yesterday, with Westpac saying it expects New Zealand's annual GDP growth to dip below 2 per cent, while ANZ's Truckometer is pointing to a clear....

The NZ dollar fell sharply yesterday after the US dollar spiked higher in response to China's 1.9 per cent devaluation of the yuan.

A surge in apparel spending has boosted New Zealand's total electronic card sales figures for the third month in a row, however this growth is likely to slow, according to economists.

The number of mortgagee sales has jumped nationwide in the past quarter as worsening economic conditions and lower dairy payouts hit parts of provincial New Zealand.

The dollar consolidated overnight as comments from Federal Reserve officials kept expectations intact for a rate hike.

National Australia Bank has lifted its quarterly cash profit 9 per cent to A$1.75 billion after a fall in bad debts offset the effect of tough competition among lenders in Australia.

The case relates to a $199 million loan the New Zealand national pension fund made, and has since written off.

Post-crash financial reforms have failed to mend the banking industry's defective culture and hence repair its reputation.

The kiwi may advance this week as traders have already priced in a weaker dairy sector.

The New Zealand dollar rose as high as 66.36 US cents due to volatile trading over the weekend.

International travel figures released support suspicion that the economy's potential growth has been cut by slower population growth.

The kiwi rose to 42.22 British pence ahead of the Bank of England's policy review on Thursday in London.

The kiwi was hit by a double whammy as dairy prices fell and a report stoked speculation the Fed would hike interest rates.

A judge "sent a message" to the banking industry for its "dishonest and wrong" conduct after he sentenced a trader convicted of rigging the Libor rate to 14 years in prison.

An alleged associate of a New Zealand resident accused of trying to manipulate international banking rates has been jailed for 14 years.

A former Citibank and UBS trader is going to jail after a jury found him guilty of masterminding the manipulation of the key Libor interest rate.

The decline occurred ahead of the Reserve Bank of Australia's decision on interest rates today.

Top of the Lake film maker Jane Campion has directed an ANZ Bank film campaign highlighting gender wealth disparity.

The New Zealand Super Fund says it'll stick to a strong equities weighting following a five-year review.

Weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.

It's time to call Beijing's stock-market intervention what it really is: quantitative easing, Chinese style, writes William Pesek.

The dollar fell as the prospect of more easing by the Reserve Bank dented the appeal of the kiwi.