The NZ dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market.

The New Zealand dollar dropped against the greenback yesterday afternoon after the Reserve Bank released data which confirmed that it had put its money where its mouth was last month, selling $521 million in a bid to push the exchange rate lower.

70c, here we come? This could be it. The time when some weakness creeps into the NZ dollar, and it actually stays down.

It's a potential health hazard that comes complete with rotting floorboards, nicotine-caked walls and the worst bathroom the agent's ever seen: Auckland's $1m hovel.

US stocks took a breather after last week's records, ending a volatile few days in the red as some investors snapped up profits before the third quarter closes.

Liam Dann offers up five reasons for economic gloom and five reasons for cheer.

'Tesco is like a wounded animal: we never know what it is going to do next," is how one battered food supplier describes its relationship with the UK's biggest retailer.

The British govt plans to criminalise the manipulation of more benchmarks to revive confidence in the integrity of London as a financial centre.

The New Zealand dollar could fall significantly over the next six to nine months and the Reserve Bank would welcome that, says Governor Graeme Wheeler.

APN, the company which owns the New Zealand Herald, is to relaunch as part of a new brand, NZME.

Five years after the worst of the financial crisis, subprime loans are creeping back, this time primarily in the form of US auto loans.

Five things for business to take on board while John Key relishes his victory and forms his next Government.

The Herald-DigiPoll survey came closest to predicting the final election result, an analysis of the four major polls shows.

New Zealand financial markets are expected to firm when they open today after the National Party secured the first ever outright win.

All Blacks including Dan Carter and Richie McCaw could receive a windfall from a proposed mega-merger of 19 privately-owned retirement villages.

Economists have cut their forecasts of economic growth in the current year, the latest quarterly survey conducted by the New Zealand Institute of Economic Research has found.

The market for small low-cost houses by commercial group builders is gathering pace, as cash-strapped Aucklanders squeeze in and up.

Advertising company Snakk Media has announced the opening of a new division, Represent Media, and signed ESPN as its first major customer.