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Commerce Commission looks into alleged Telecom breach
The Commerce Commission has launched an investigation into whether Telecom's wholesale unit broke the rules by discriminating against retail rivals

Tame inflation may show high dollar is doing Bollard's work
New Zealand probably recorded the tamest inflation in a decade in the third quarter, helped by a tepid economy and a rapidly appreciating currency.

L'Oreal shakes up make up
L'Oreal is considering a bid of US$44 ($58.16) a share for Avon, the UK's Daily Mail reported.

Wall St welcomes Fed confirmation of easing
Equities on Wall Street welcomed clarification about Federal Reserve policy makers' plans for further monetary easing to help propel US economic growth.