There are no simple solutions available to the Reserve Bank to deal with a New Zealand dollar that is significantly overvalued, says governor Graeme Wheeler.

The exchange rate is too high, Reserve Bank governor Graeme Wheeler says, but there are no simple solutions available to the bank to lower it.

Commercial property yields across Auckland have shown the strongest drop across New Zealand over the past year.

Adam Smith, the Enlightenment thinker who invented the idea of the free market, was an incisive economic commentator.

esources giant BHP Billiton is expected to post a third consecutive profit fall on Wednesday, largely because of last year's huge slump in iron ore prices.

Fletcher Building chief executive Mark Adamson could slice costs by $75 million, as the construction giant tries to pare back spending to bolster its bottom line.

Investors in the frozen Hubbard Management Funds will get all of their capital back.

The Reserve Bank is grappling with the prospect of a property bubble emerging from the current low interest rate environment.

ANZ's Truckometer rebounded last month, but suggests the economy is not off to a strong start this year.

Telecom has announced it will review its email service following a "series of issues" over the last year, including recent email attacks on Yahoo Xtra customers.

Could 2013 be the year in which our local capital markets shake off their past fragility and see the return of hard-working Kiwi investors? I hope so.

Telecom has admitted the Yahoo Xtra email service has been hacked as hundreds of customers continue to receive spam mail, some from dead relatives.

Hundreds of New Zealanders have had their email accounts hijacked by "savvy" spammers and users are being asked to change their passwords as soon as possible.

The co-founder and chief executive of daily deal website GrabOne is planning to take a well-earned rest after he leaves the company next month.

Analysts are picking a positive reporting season driven by strong performances in the retail and construction sectors but warn New Zealand's high dollar could be a stumbling block this year.

The overarching theme for banking around the world in 2013 will continue to be financial stability - how to achieve it, and how to maintain it, writes Kirk Hope.

January was a great month for sharemarkets with the NZX 50 Gross Index gaining 4.6 per cent while the ASX200 Accumulation (gross) Index appreciated 5 per cent.

Briscoe Group says annual profit climbed at least 9 per cent after a good Christmas sales period.