Key Points:

Billionaire Kiwi Stephen Jennings has postponed a lecture in New Zealand because of the turmoil in global financial markets.

Mr Jennings, who made his fortune in Russia, was to have given the Sir Ronald Trotter Lecture to the New Zealand Business Roundtable next week.

However, the Roundtable said yesterday Mr Jennings had reluctantly advised he could not travel because of problems within the Russian investment banking community.