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NZer quits as World Bank manager
New Zealander Graeme Wheeler has announced his resignation as managing director of the World Bank.
Other banks expected to follow ANZ cut
ANZ National Bank has slashed its variable home mortgage rates - putting pressure on other banks to follow suit.
Fonterra raises $270 million from its farmers
Fonterra says around one third of its farmer shareholders have spent $270.7 million buying up new shares in the co-operative.
Bollard may hold to mid-year timing for OCR hike, start in April
Reserve Bank Governor Alan Bollard will probably wait until at least April before raising interest rates, though officially he may stick to his hinting at a mid-year hike this week.
Kiwi dollar keeps sliding
The New Zealand dollar continued to fall against the greenback after US markets felt the impact of moves by US President Barack Obama to curb bank risk-taking which would in turn hit banks' profits.
Kiwi dollar tumbles overnight
The New Zealand dollar kept tumbling overnight, after yesterday's inflation news morning when data showed easing inflation pressures.