Reserve Bank Governor Alan Bollard is expected to keep the official cash rate unchanged next week while signalling the stimulus of a record-low OCR will be removed sooner rather than later as inflation pressures start to stir.
The Supreme Court has told lender Westpac New Zealand it was wrong to withhold client funds amid suspicions over where the money was going.
Global turmoil in global markets means the next OCR hike is now likely to be December, not September, say a growing number of bank ecnomists.
The New Zealand stock exchange closed today down 2.78 per cent after sharp falls earlier today, but more markets around the world are continuing to suffer from investor concerns about the downgrading of the US credit rating.
Higher interest rates and an economic shock could be in store for Kiwis if US debt crisis talks fail.
New Zealand economic growth will accelerate in the next year or two, despite the global economy hitting a soft patch, Westpac's latest quarterly economic review says.
Big banks shout Treasury staff to meals and events with 'disturbing frequency'.
A diving course came to a tragic end after two people failed to surface and a third was hospitalised.
The SFO probe into the collapse of Canterbury clothing maker LWR has resulted in criminal charges being laid against its director Kenneth James Anderson and one other.