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Tourism Holdings to miss profit target, breach covenants
Tourism Holdings said it won't meet full-year profit guidance because forward bookings have been hit by the spate of floods and storms in Australia and softening tourism demand locally and in the UK.
London banker gets 3 years jail for insider trading
A former London banker, his wife and a friend have been sentenced in a $NZ4.5m insider trading scheme uncovered by the UK's Financial Services Authority.
Mortgage debt in record fall
Housing lending fell in December, month-on-month, for the first since Reserve Bank records began.
Economic forecasting difficult, RWC a factor - Bollard
The RWC will add about $700m to the NZ economy over its six weeks and if NZ wins it could boost general confidence, Alan Bollard says.
NZ dollar gains as OCR held
The NZ dollar rose as Reserve Bank Governor Allan Bollard held the official cash rate at 3 per cent as expected amid signs the economy is in need of support.