Share trading platform Unlisted is applying for an exemption from the Financial Markets Authority.

It's a tough time to be an investment banker in Southeast Asia. Mergers involving Southeast Asian companies have dropped 45 per cent this year to the lowest level since 2009.

McVitty Properties has completed its liquidation, leaving creditor BNZ with a shortfall of about $2.6 million.

The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.

New lending restrictions to be imposed on Auckland property investors will do little to cool the surging market.

No other advanced economy in the world would allow almost all of its banking system to be owned overseas, writes Paul Glass. "Let's require the big four banks to list 25 per cent of just their NZ operations on the NZ Stock Exchange."

Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.

The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".

Economics editor Brian Fallow says today's Reserve Bank move is crude, ad hoc and temporary - but it buys some time.

The NZ dollar has held steady overnight ahead of the Reserve Bank's Financial Stability Report.

The NZ dollar touched 92.82 Australian cents, its lowest level since late January, as traders price in rate cuts.

One-third of Capital + Merchant Finance's $18.5 million settlement fund is ring-fenced for claims from the failed firm's trustee and a global investment giant.

New Zealand shares rose yesterday, paced by SkyCity Entertainment Group and Meridian Energy as investors mulled a possible rate cut.

An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time.

Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.

A newly licensed online lending service is targeting prospective homeowners who have been shut out of the mainstream mortgage market by low-equity loan restrictions.

Expectations of rising house prices remain close to historic highs in ASB's quarterly survey of housing market sentiment.

Future economic shocks may hit households harder than in past financial tremors, according to a paper by the Reserve Bank of Australia.

Core retail spending (excluding fuel and vehicle-related spending) fell 0.8 per cent in April, the first time since last June.

Macquarie chief executive Nicholas Moore took home more than A$45,000 ($47,618) a day last year as the investment group posted its best profit result since the global financial crisis.

KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.

The kiwi touched 74.23 US cents, and was trading at 74.43 cents at 8am in Wellington, from 74.99 cents at 5pm yesterday.

BNZ boss Anthony Healy says he doesn't believe the Auckland property market is entering bubble territory.

ANZ Bank New Zealand, the country's biggest lender, was the most aggressive in pitching interest rate swaps to farmers, the Commerce Commission says.

BNZ cash earnings have risen 4.5 per cent in the six months ended March 31 to $418 million as growth in housing and business lending, and lower funding costs, drove up net interest income.

Rich-lister Stephen Jennings has launched defamation action against Fairfax Media and a senior journalist Michael Field about Jennings' business activities in Russia and Kenya.

The kiwi dropped yesterday after data showed annual wage inflation in the private sector slowed to a 0.3 per cent pace in the three months ended March 31.