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Kiwibank cut its variable home loan rate 100 basis points to 8.7% following the central bank’s decision to lower the official cash rate by the same amount
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Reserve Bank governor Alan Bollard cut interest rates by an unprecedented amount citing ongoing global financial market turmoil and a deteriorating outlook for world growth
Dollar hits five-year low as Reserve Bank cuts rate to 6.5%
The New Zealand dollar sank to a five-year low and may extend its slide after the Reserve Bank cut the official cash rate by 100 basis points amid the outlook for a worldwide downturn in...
A week ago, major New Zealand banks confirmed they will take part in a New Zealand Government scheme to guarantee bank deposits.
This followed a similar move in Australia, and was controversial because it involves taxpayer money worth up to $150...
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Migration dwindles adding to weaker economic outlook
New Zealand immigration growth fell to a seven-year low in the 12 months ended September 30, adding to the outlook for weaker economic growth
As a lighthearted conclusion to a day of campaigning in Florida, Democratic presidential contender Barack Obama dropped in on the hugely popular Ellen DeGeneres Show.
DeGeneres immediately posed a challenge, informing him that his wife, Michelle,...
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Barack Obama won’t be the only candidate in the US election to be off the campaign trail on Friday. However, while the Democratic presidential candidate will be at the bedside of his ailing grandmother in Hawaii, the Republican vice-presidential...
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The Sydney repair centre for State Insurance is calling on car manufacturers to have another look at the design of front and rear bumpers.
In a simulated 10km-per-hour nose-to-tail crash — the most common form of collision — it was found...
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US Democratic presidential contender Barack Obama will defer campaigning in Wisconsin on Thursday, to fly to Hawaii to visit his maternal grandmother, Madelyn Dunham, who is gravely ill.
Mrs. Dunham, 86, is credited with raising her grandson through...
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The Tampa Bay Rays defeated the Boston Red Sox, 3-1, in Game
7 of the A.L.C.S. to advance to the World Series for the
first time. The Rays will face the Philadelphia Phillies in
the Series, which starts Saturday night.
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