The kiwi dollar has surged in value after a stunningly low unemployment stat and a speech by Alan Bollard.

NZ's recovery from the financial crisis is entering a "new, less fragile stage" but the Reserve Bank will keep its "foot on the gas".

France's €5 billion rogue trader says his losses should be blamed on a world banking industry "disconnected from reality".

Greece and the wider eurozone scrambled back from the brink of disaster again on Friday as the outline of an IMF/eurozone rescue package emerged.

Yellow Pages Group chief executive Bruce Cotterill is playing down prospects of a sale as a committee of bankers ponders the future of the company.

The Reserve Bank has slightly opened its forecast window for the first rate hike by a month or two in this morning's statement.

Official interest rates are staying at 2.5pc but Reserve Bank governor Alan Bollard hints increases are likely 'in coming months'.