Gyles Beckford

The United States Federal Reserve has raised its benchmark interest rate for the first time in a year to counter strengthening inflation pressures.

The maker of the well-known Klip It kitchen containers, Sistema, has been sold to an American company.

Financial markets have quickly put the shock resignation of Prime Minister behind them and want a peaceful, business-as-usual transition to a new government leadership team.

The country's biggest retail power company Genesis Energy has increased its stake in the Kupe oil and gas field.

Two of Christchurch's largest hotels have been sold as their American owners have quit the country.

The receivers of the troubled children's clothing retailer Pumpkin Patch will shut seven stores in the next week.

Inflation is likely to have hit its low point and will pick up pace going into next year.

KiwiSaver providers will be forced to give more information about what fees they are being charged and how much their nest egg will be worth when they retire.

The cruising season gets underway today with the arrival of the Celebrity Solstice in Auckland.

Clothing retailer Hallenstein Glasson has reported a 21 percent fall in its annual profit.

Aged care company Arvida is to buy three established retirement villages as it looks for growth in earnings.

The Reserve Bank looks set to sit on the sidelines when it reviews its official cash rate (OCR) on Thursday. Audio

A shortage of hotels and motels is posing a threat to the tourism boom, a commercial real estate company says.

The growth in house prices slowed last month to a national median of $492,000 but the Auckland market remained at record levels.

Data being released this week is expected to show New Zealand's economy growing strongly in the June quarter. Audio

A surge on New Zealand's financial markets has driven the dollar to a 16-month high and the local sharemarket to new records.

Booming passenger numbers and cheaper fuel have powered Air New Zealand to a record annual profit - and its staff to $2500 bonuses.

SkyCity's full-year profit has jumped 13 percent, driven by growth in its Auckland casino and international high-rollers business.

Media company Fairfax New Zealand is to launch a new internet service provider (ISP) business.

Insurance company Suncorp is banking on 12 percent growth in operating earnings in the coming year as it keeps stripping out costs, chases home and motor business, and struggles to settle lingering…

The Financial Markets Authority says there are many easy steps companies can take to improve the quality of information disclosed to investors.

Listed healthcare and animal products company Ebos plans to buy into an Australian pharmacy chain.

A new KiwiSaver provider launched today promising low fees, no profits and a simple product range that it says equals anything else on offer.

The banking sector is showing few signs of feeling any economic headwinds, with profits and growth in assets managing to maintain momentum.

One of China's largest banks is eyeing growth in New Zealand after giving its local branch a substantial capital injection. Audio