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.

New Zealand's economy probably slowed from its surprisingly robust first-quarter pace in the second three months of 2011 as construction stayed weak and manufacturing continued to tread water.

Tuition fees at New Zealand universities are among the highest in the world, according to a new report. New Zealand had the seventh-most expensive tuition fees for universities, with entrants paying more than $3600 a year.

The volume of manufacturing sales fell 0.7 per cent in the June 2011 quarter, after a 1.4 per cent rise in the March 2011 quarter, Statistics New Zealand said today.

An estimate of 160 billion barrels has companies scrambling to drill in pristine ecosystem, writes Michael McCarthy.

Equities sank after the most powerful central bank chief in the world came out guns blazing but fired blanks ahead of a speech by US President Barack Obama.

Those who think that the Euro will disintegrate are not fully aware of the dynamics of the European Union, the EU Commission President Jose Manuel Barroso said in Auckland today.

US shares rebounded overnight, as investors applauded signs on both sides of the Atlantic that government fiscal problems are getting solved.