Latest fromNew Zealand Institute

Ross family paintings sold for $199k
David Ross appeared briefly in the Wellington District Court this morning, where hearings were adjourned to August 22.

David Ross facing three further charges
Three more charges have been laid today against the alleged Ponzi-schemer David Ross.

Adviser's $400m Ponzi charges
The Serious Fraud Office has laid charges against financial adviser David Ross, who is alleged to have operated a $400 million Ponzi scheme.

FMA slams Ross allegations
Suggestions the FMA knew about David Ross long before his business was raided were "crap", says Sean Hughes.

Dodgy donations: Accountant struck off
An Auckland accountant has been struck off and ordered to pay more than $31,000 after he used 60 clients to get tax rebates on donations for his own benefit.

Accountant fined for ethics breach
A Wanaka accountant has been ordered to pay more than $26,000 after he was appointed receiver of a failed winemaker despite an obvious conflict of interest.

Farmers fraud accountant struck off
An Auckland accountant has been struck off for reusing more than $14,500 worth of department store gift vouchers to help herself, family and friends.

Institute slashes NZ growth forecast
NZIER says a rapidly worsening global economy will depress New Zealand's fledgling recovery and keep interest rates on hold until 2013.

China and NZ now level-pegging in global competitiveness stakes
New Zealand has slipped to 25th most competitive economy in the world, while China has edged up to 26th.

Crisis to rival 2008 credit crunch if US debt talks fail
Higher interest rates and an economic shock could be in store for Kiwis if US debt crisis talks fail.

Treasury more pessimistic on economic growth than market
The Treasury is more downbeat about economic growth figures this week, saying it expects gross domestic product grew 0.3% in the first three months of the year.

Brian Fallow: Inflation threatens to bite into recovery
Households at risk of slow wage growth combined with rising costs.