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Crisis brings us closer, says EU president
Those who think that the Euro will disintegrate are not fully aware of the dynamics of the European Union, the EU Commission President Jose Manuel Barroso said in Auckland today.
World markets down as Euro talks disappoint
Disappointment about the outcome of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy ruled investor sentiment on both sides of the Atlantic overnight.
Kiwi dollar tipped to gain as equity markets recover
The New Zealand dollar may rise this week, as equity markets recover from a three-week selloff following the US credit rating downgrade.
NZ stocks drop after global plunge
The NZ stock exchange has fallen 2.5 per cent on opening, following a big slump on world markets overnight. The NZX 50 Index shed 80.89 points to 3297.86, the lowest level since December.
Joe Beaglehole: Let the people decide on economy
Balancing tax and spending is not a task we can afford to cede to appointed experts...
US debt standoff keeps investors on sidelines of world markets
A Mexican standoff in the US debt talks, with a potential credit ratings downgrade and a government default at stake, kept investors on the sidelines overnight.
Tiny NZ a big part of US trade growth plans
A proposed Trans Pacific Partnership is the top trade priority for Barack Obama and John Key.
Italy catches cold as world markets dip overnight
Fear that the debt crisis in Europe is spreading has sent investors running for the exits, hammering both global equities and the euro.
Europe threatens 'mad' ratings agencies
The world's leading credit ratings agencies have been threatened with tighter regulation and break-up by some of Europe's most powerful politicians.
Volkswagen's 'auto-pilot' - HAL on wheels?
VW's TAP system creates some very smart cars, writes Matt Greenop
World shares stay firm on Greece optimism
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.
World markets slump on economy, oil news
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.