Households struggling to keep on top of their mortgages would win from Labour's proposed interest rate shake-up - but at the expense of those who can't afford a house.

Editorial: The Labour Party has done well to come up with a constructive monetary policy for the coming election.

Labour's proposals to allow the Reserve Bank to adjust KiwiSaver contributions rather than interest rates to control inflation could hurt savers, KiwiSaver experts warn.

Finance Minister Bill English has rubbished Labour's new Kiwisaver plan, but the policy has received support from employers.

The Reserve Bank has increased the Official Cash Rate by 25 basis points to 3 per cent this morning.

A raft of merger and acquisition activity in the global drug sector helped underpin equities on both sides of the Atlantic

The New Zealand dollar fell ahead of a speech by Federal Reserve chair Janet Yellen.

The New Zealand dollar held its gains of last week against the greenback before public statements by Federal Reserve chair Janet Yellen amid speculation she may clarify the central bank's view on the start of any interest rate hikes in the US.

House prices around the country have hit a new high with the median price now topping $440,000 but sales are down 10% on last year. (+infographic)

The Kiwi dollar extended its decline against its trans-Tasman counterpart after figures showed Australian unemployment unexpectedly fell last month.