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NZ dollar falls on G7 inaction
The New Zealand dollar fell after G7 leaders nations agreed to a coordinated response to Europe's deteriorating financial crisis, though gave no guidance on how to do so.

Wall St mixed after Euro 'dead cat' bounce
US stocks have closed mixed after a day of bumpy trade, as eurozone turmoil kept a shadow over world sharemarkets.

NZ dollar holds as investors seek low-risk assets
The NZ dollar was little changed as investors looked to put their money in low-risk assets such as Government bonds.

Report of IMF rescue loan for Spain
Market optimism grew a little on results of a Greek poll and reports that the IMF has begun preparing for a potential rescue loan for Spain.

NZ dollar rises as Spain eyes bank bailout
The dollar rose on speculation Spain may tap European Central Bank funding to bailout Bankia SA to prevent a national banking sector collapse.

NZ dollar rises after Greece backed to keep euro
The New Zealand dollar gained after Italian Prime Minister Mario Monti said Greece will probably keep the euro.

World sharemarkets up on relief rebound
World sharemarkets were up overnight, but Facebook shares plunged 10pc.

Revised GDP stats prompt economic growth questions
Statistics New Zealand has made some big revisions to the history of the country's gross domestic product growth figures.

Greek crisis frays nerves on world markets overnight
World markets were down overnight as the political stalemate in Greece continues.

World markets up with Greece, US jobs looking up
World sharemarkets were up overnight, after better than expected US job data and prospects rose for a new Greek government.

Greece renews volatility on world sharemarkets overnight
Investors played it safe overnight as Greek parties struggled to form a new government and Spain asked its banks to set aside more money to cover bad loans.

Dollar tumble reduces OCR cut prospects
The Reserve Bank's view that the kiwi dollar is set to keep falling has reduced prospects of a cut in an official cash rate, economists say.

NZ dollar drops to 4-month low as Europe rattles markets
The New Zealand dollar fell to a four-month low overnight amid market concern about the election of new governments in France and Greece.