The following articles are sourced from The New Zealand Herald

NZ sharemarket reverses weak start
Thu, 29 Jul 2010 20:41
The New Zealand sharemarket rallied from a weak start on a day in which investors watched the currency plunge and the official cash rate rise.When announcing the official cash rate was being lifted 25 basis points to 3 per cent,...

NZ dollar falls after OCR hiked
Thu, 29 Jul 2010 20:40
The New Zealand dollar fell sharply on a day the Reserve Bank of New Zealand (RBNZ) hiked the official cash rate (OCR) by 25 basis points to 3 per cent.This is the opposite to what usually happens but investors opted to take more...

Bernard Hickey: Hitting the brick wall of too much debt
Thu, 29 Jul 2010 11:34
You almost have to feel for Alan Bollard.Right at the time when he would like to leave his foot on the accelerator to rumble over a few bumps in the road, the government is forcing him to slow down because of the extra chicane...

Record June trade surplus on higher dairy, forestry exports
Thu, 29 Jul 2010 10:54
New Zealand recorded a trade surplus of $276 million for the month of June, equivalent to 7.3 per cent of exports.Publishing the data today, Statistics New Zealand said the largest increases in exports last month, compared to...

NZ dollar tumbles despite interest rates hike
Thu, 29 Jul 2010 10:23
The New Zealand dollar tumbled after Reserve Bank Governor Alan Bollard said interest rate increases will be more moderate than he had previously flagged and said the currency's strength is inconsistent with the weaker economic outlook.Bollard...

Brian Fallow: Bollard still expects 'respectable' growth
Thu, 29 Jul 2010 10:04
Governor Alan Bollard has acknowledged today what has has been apparent to the financial markets for a while.That is that the outlook for growth and inflation no longer warrants the staircase of official cash rate rises at almost...

Dow ends 4-day win streak on Fed economic report
Thu, 29 Jul 2010 09:20
NEW YORK - US Investors cashed in some of their recent gains on Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing.The Dow Jones industrial average fell almost 40 points after...

Bollard lifts OCR, future hikes likely to be less
Thu, 29 Jul 2010 09:00
The Reserve Bank has lifted the official cash rate from 2.75 to 3 per cent this morning. The move, though widely expected, is a sign that the economy is still growing enough for bank Governor Alan Bollard to keep winding back...

Gillard fights to stay on top as leaks add to sinking feeling
Thu, 29 Jul 2010 04:00
Prime Minister Julia Gillard was yesterday forced to break strict rules of Cabinet confidentiality to prevent her campaign for the August 21 election crashing off the rails.Gillard was again ambushed by leaks from within her own...

Confidence falls for third month
Thu, 29 Jul 2010 04:00
Business confidence has taken an unmistakable turn for the worse, with the National Bank's survey falling for the third month in a row.It is still in positive territory and pointing to the economy recording growth around 3 per...

Dollar's upward climb 'limited'
Thu, 29 Jul 2010 04:00
Currency analysts are not expecting the New Zealand dollar to climb much higher than the six-month peak - close to US74c - it reached against the greenback late on Tuesday night.After hitting its high, it fell back to sit at US72.92c...

Ernie Newman : Don't fret, our broadband policy is sound
Thu, 29 Jul 2010 04:00
Brian Fallow can relax - New Zealand's ultra-fast broadband policy is solid, widely acclaimed internationally, and a critical element in our remaini

Brian Fallow : Super age alternatives need debate
Thu, 29 Jul 2010 04:00
Let's ignore for a moment the craven irresponsibility of our political leaders in refusing to even talk about changing the entitlement parameters of New Zealand Superannuation.Let's assume for the sake of argument that people...

Slower inflation changes picture
Thu, 29 Jul 2010 04:00
SYDNEY - Australian borrowers are likely to have a reprieve from an interest rate rise next week as a slower-than-expected rise in inflation would give the central bank some comfort, economists say.Australia's headline consumer...

Stagnant US job market hits consumer confidence
Thu, 29 Jul 2010 04:00
NEW YORK - Americans' confidence in the economy eroded further this month amid worries about a still-stagnant job market.The Conference Board, a private research group, said that its Consumer Confidence Index slipped to 50.4 this...

NZ sharemarket lifts
Wed, 28 Jul 2010 18:44
The sharemarket rose today, led by Telecom and Contact Energy, and reflecting strength in offshore markets on the back of strong US corporate earnings.The benchmark NZX-50 index closed up 13.755 points, or 0.457 per cent, at 3022.181....

International student numbers rise
Wed, 28 Jul 2010 17:19
The number of fee-paying international students in New Zealand increased by 7 per cent in the first four months of the year compared to the same period last year, Tertiary Education Minister Steven Joyce said.International education...

Business confidence falls for third month
Wed, 28 Jul 2010 15:49
Business confidence has fallen for the third consecutive month, and has almost halved since reaching a decade high in February.There was now a clear change of direction which was beyond what could be put down to "usual monthly...

Shortfall in migrants could cost NZ economy 'over $1b'
Wed, 28 Jul 2010 04:00
New Zealand is threatening to undershoot the number of migrants it needs to keep the economy healthy, say immigration consultants.Immigration New Zealand has returned its lowest number of "expressions of interest", after a period...

Second best return for retirement fund
Wed, 28 Jul 2010 04:00
The New Zealand Superannuation Fund had its second best annual performance in the year to June 30 but the fund is still behind where it would be if the money had been invested in low-risk treasury bills.The fund, set up in 2003...