Stocks and the euro sank as comments by Germany's finance minister doused hopes a summit later this month would resolve Europe's debt crisis.

People with savings always better off than those without.

Fletcher Building says its first-half earnings are likely to be about 10 per cent down on the $166 million earned in the same period last year.

Goldman Sachs Group, whose shares have fallen 43 per cent this year, may report its lowest quarterly profit since the 2008 financial crisis.

Sharemarkets in Europe and the US are up after investors appeared to endorse the European plan to recapitalise threatened banks.

We have more income than we need...

Senior managers at staff at the NZ Super Fund received $1.39m in bonuses in the past year, after turning in a 25 per cent return for its Government owners.

Summerset Group, the retirement village operator preparing a partial float, has set its listing price at $1.40 a share, the bottom end of the indicative range.

World markets rose overnight after intervention by the Bank of England and the European Central Bank eased fears about the European debt crisis.

New Zealand shares rose yesterday, with OceanaGold, ANZ, Westpac and AMP leading the gains as equities reflected more optimism over Europe.

Outgoing NZX chief executive Mark Weldon has knocked back speculation that he has political ambitions. Market watchers are giving a mixed verdict on his ten years at the helm.

The 'New Telecom' - formed when its Chorus network business is split off in November will be the third biggest company on the NZX and a potential takeover target.

Mark Weldon has announced he is stepping down as chief executive of NZX Ltd, the operator of the New Zealand Stock Exchange. NZX has just confirmed Weldon told the board he will step down as chief executive in the first half of next…