Fitch ratings agency has lowered NZ's credit rating by one notch to "AA" and expressed concern....

Fonterra's new chief executive says the board will have a look at NZ's high fresh milk prices.

The New Zealand dollar may extend its decline this week as investors, nervous about the slow progress being made on Europe's escalating sovereign debt crisis, sell growth-linked currencies for the relative safety of the greenback.

The New Zealand dollar has fallen again overnight, recently trading at 77.53 US cents, down from 78.48 cents on Friday, and fell to 69.12 on the trade-weighted index of major trading partners' currencies from 69.71.

Dairy giant Fonterra has announced details of a record year - with $10.6 billion to be distributed to its farmer owners. Its detailed a record payout of $8.25, comprising a "Farmgate Milk Price" of $7.60 per kilogram of milksolids for the 2011 season...

NZ's current account deficit was $2 billion in the three months ended June 30, up from $1.53 billion in the first quarter.

The UBS rogue trader debacle shows how little banks have learned since the world financial crisis.

The Commerce Minister wants a crackdown on NZ registered companies implicated overseas in smuggling, money laundering and tax fraud.