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Mascot Finance investors who are eligible under the Government's deposit guarantee scheme will receive 100% of their money bank, according to the Treasury. Audio

A new unit within the Treasury will be established to manage the Government's infrastructure programme.

The outgoing Cook Islands police commissioner, Patrick Tasker, says he decided not to seek reappointment four days before an incident involving Treasury staff. He abused some staff but apologised…

A move by the US government to boost its equity stake in Citigroup to as much as 36% has fanned fears it will take a bigger role in overseeing some other troubled major banks.

US auto manufacturer General Motors has posted a loss of $US30.9 billion on Thursday for 2008 and said its auditors were likely to cast doubt on its viability as it seeks an expanded federal bailout…

The British government has asked former Royal Bank of Scotland chief executive Sir Fred Goodwin to forego his annual pension of Stg 650,000, as the bank reports the biggest loss in British corporate…

A Cook Islands top official says the departure of the police commissioner marks a push to appoint local people into high-ranking positions. Patrick Tasker, an expatriate appointed as part of...

The office of the Cook Islands Prime Minister says the police commissioner has confirmed he will not seek re-appointment when his term expires in June. The confirmation follows a recent...

A former Treasury official who advised on public sector reform during a recession in the early 1990s says the Government is right to be calling for restraint in the public service.

A senior economics lecturer is criticising recent unemployment forecasts as irresponsible and unnecessary.

Business owners in American Samoa have expressed surprise over the increase in some Customs fees in the middle of this month. Some businesses say they had no advanced warning from...

Treasury Secretary Stephen Timms has suggested that plans to inject more cash into the British economy could happen "quite soon".

United States President Barack Obama has said US tax bills will begin to fall from April, hailing a tax cut he called the fastest ever to take effect.

US financial regulators will soon begin a series of "stress tests" to determine which of the largest US banks should get bigger capital cushions in the event of a deeper recession. Little is known…

President Barack Obama has ordered the US Treasury to implement tax cuts for "95% of Americans" by 1 April.

United States Secretary of State Hillary Clinton said the US and China can pull the world out of economic crisis by working together.

General Motors and Chrysler are likely to cut more jobs as part of their proposals to secure Canadian government aid, but neither is likely shut more plants, says Ontario Premier Dalton McGuinty.

Loss-making Swedish carmaker Saab, which is part of General Motors, has won protection from creditors while it tries to find a new partner and raise fresh funds.

The latest statements from Treasury on the state of the government's books show income from taxation is $1.1 billion less than forecast.

United States President Barack Obama has revealed his plan to try to prevent millions of Americans losing their homes in the housing crisis at the centre of the US financial meltdown.

Finance Minister Bill English says statutory management by the government of significant companies on the verge of collapsing cannot be ruled out, but such a move would be a last resort. Audio

The Government has denied hiding worsening unemployment figures as Finance Minister Bill English concedes the country is now in its fifth quarter of recession.

Giant car makers General Motors and Chrysler have again gone cap in hand to the United States government, seeking nearly $US22 billion in extra loans to stave off bankruptcy and win extra time for…

G7 ministers say stabilising financial markets and the world economy is their top priority. They have pledged to work together to support growth and jobs and oppose protectionism.