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PM defensive after video reveals GST flip-flop
John Key has defended a proposed rise in GST after a Herald video revealed he had ruled it out in 2008.
Tax avoidance bill pushes ASB to $10m first-half loss
ASB Bank has taken $209 million of a $264 million tax and interest bill from tax avoidance settlements onto its books.
Tax cuts: High earners set to benefit most
Big personal tax cuts for middle and high-income earners are likely to be announced in the May Budget and take effect from October this year.
Kiwibank cuts mortgage rates
State-owned Kiwibank has cut its variable mortgage rate to 5.65 per cent.
NZ dollar touches new five-month low as US sheds more jobs
The New Zealand dollar touched a new five-month low of 68.17 US cents overnight.
Key, Bollard cross swords
John Key has vowed to stick with his goal of closing the income gap with Australia, despite the Reserve Bank Governor saying there is no chance of it happening.
<i>Brian Gaynor</i>: Surge in jobless hitting younger Kiwis hardest
The recession has been particularly savage on young workers with 18.4 per cent of the 15 to 24 age group now unemployed.
Dollar dips below US70c, hit by surprise unemployment stat
Today's unemployment figure has surprised many, with most - including the Reserve Bank, expecting a figure well under 7 per cent.
Banker admits $18m fraud charges
A former ASB Bank investment banker has pleaded guilty to fraud charges involving nearly $18 million.
<i>Michael Lang:</i> Beware the lure of gold rush
As gold earns nothing and yields nothing, over the long term it does nothing more than preserve investors' capital from inflation.