The operator of the Tui offshore Taranaki oil and gas field says probable reserves are between nine and 11 million barrels of oil short of the 50.5 million barrels previously thought.

World markets were up overnight, as positive debt reports came out of the United States and Europe.

Apple's solid profits failed to take away investors' concern about the political wrangling in the US.

Labour's proposals will make things a lot worse for exporters, writes Bruce Wills.