The tone on Wall Street and Europe's equity markets remained positive overnight amid optimism the EU is making progress in its efforts to avert a Greek default.

After just two days in New Delhi it is not hard to see why surveys say Indian business people find their New Zealand counterparts a bit slow.

Auckland cereal-maker is on a sales mission to export Kiwi flavours to Asia.

Floods, hurricanes, droughts - will climate change mean more wild weather ahead? That's a risk the insurance industry is taking very seriously, reports Peter Huck.

World markets fell overnight, pulled down by poor economic news and the surprise announcement that the International Energy Agency would release oil from strategic reserves.

The danger in that case would be that, as in the global financial crisis three years ago, everyone in the market starts looking sideways at their counterparts and worrying about how much they might be exposed.

Federal chairman Ben Bernanke has provided investors with little incentive to commit fresh funds to Wall Street as the central bank cut its US economic growth forecast for 2011.