The Kiwi dollar will likely extend its run higher this week as the Australian currency looks set to test parity with the greenback, dragging the kiwi along with it.

What happens if two countries cannot agree on the appropriate value for their mutual exchange rate? All sorts of accusations start to fly around.

The stock exchange's new dairy futures market launched successfully at 8am morning and one trade today would make NZX head of markets Fiona Mackenzie ecstatic.

Tower's move to bid for Fidelity Life Assurance without securing support from Fidelity's major shareholders has left some wondering whether it has some underlying plan which has yet to be revealed.

The IMF expects global growth to fall next year as the emerging economies which are leading the global recovery are unable to fully compensate for weaker demand in rich countries.

The New Zealand dollar is nearing 75 US cents after share markets around the world rallied overnight.