Swiss banking giant UBS has agreed to pay $1.5b in fines for its role in trying to manipulate the key LIBOR interest rate.

Latin America is one of the fastest-growing beer markets globally - there's a lot of impetus getting put into that market by the big brewers.

Datacom manages IT services for firms and has more than 4000 staff in New Zealand and overseas.

Fonterra's Trading Among Farmers (TAF) share trading scheme received its final, albeit retrospective, seal of approval at the annual meeting yesterday.

The New Zealand dollar hit a four-year high against the Japanese yen yesterday, prompting concern from local exporters whose returns are getting eroded..

Fairfax has completed a sell-down of its 51 per cent stake in Trade Me, the online shopping site confirmed this evening.

Trade Me shares are in a trading halt, as announcements confirm Fairfax is selling its 51 per cent stake in the company.

We hear a lot about great listed companies and we also hear a lot about great early stage success stories.

Rod Drury is the NZ Herald's Business Leader of the Year

Reserve Bank governor Graeme Wheeler has kept the official cash rate at 2.5 per cent and delivered a relatively upbeat Monetary Policy Statement.

Infighting among Republicans has grown as the latest plan to avert the 'fiscal cliff' was rejected by the White House.

A scheme has been launched to encourage Aucklanders to buy big new planned Christchurch houses for $640,000, as a financial watchdog reminds investors.

Almost $190 million of shareholder value in lines company Chorus was wiped off as the Commerce Commission made two announcements about wholesale pricing.

The NZIER shadow board believes Reserve Bank governor Graeme Wheeler should leave the official cash rate on hold at 2.5 per cent on Thursday.

China may maintain its annual economic growth target at 7.5 per cent next year in a sign the new leadership headed by Xi Jinping won't tolerate a bigger slowdown.