Latest from Banking and finance
Commodity prices slump to 21-month low
The ANZ Commodity Price Index fell 4.2 per cent to a 21 month low in May.
NZ dollar holds as investors seek low-risk assets
The NZ dollar was little changed as investors looked to put their money in low-risk assets such as Government bonds.
Hastie Group folds - 500 NZ jobs at risk
Thousands of jobs, including 500 in New Zealand are at risk after Australian engineering firm Hastie Group went into voluntary administration today.
NZ dollar rises as Spain eyes bank bailout
The dollar rose on speculation Spain may tap European Central Bank funding to bailout Bankia SA to prevent a national banking sector collapse.
NZ dollar rises after Greece backed to keep euro
The New Zealand dollar gained after Italian Prime Minister Mario Monti said Greece will probably keep the euro.
FMA seeks feedback on use of irregular earnings measures
The Financial Markets Authority is seeking submissions on the growing use of irregular earnings measures in preference to statutory profit.
Banks stump up better deals
Columnist spurs borrowers to demand lower interest rates.