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The New Zealand dollar gained more than half a cent following a cut in the Official Cash Rate by the Reserve Bank to 3% on Thursday.

Wellington is in party mode, with two major events on Saturday drawing tens of thousands of people to the central city.

The Reserve Bank of New Zealand is expected to heavily to cut the Official Cash Rate again on Thursday. It was lowered to 5% on 4 December. Audio

A 71-year-old man has drowned at New Brighton beach near Christchurch.

The search for the Auckland tramper missing in Mt Aspiring National Park since New Year's Eve has been officially called off.

The latest rescue efforts to locate a tramper missing in Mount Aspiring National Park near Wanaka have failed to find any sign of her.

Air New Zealand staff observed a minute's silence at 9am on Friday for those killed in the crash of an Airbus A320 off the coast of France last week.

Floodwaters at Tamworth in New South Wales were receding on Sunday, a day after a natural disaster zone was declared.

European stocks have closed at their lowest since May 2003, led by banks and commodities. Shares in energy companies were also down.

The New Zealand cricketers could be bracing themselves for a backlash from Australia in their two-test series across the Tasman later this month after Australia's series loss in India. The ...

The Australian stock market is expected to open higher on Monday after gains on Wall Street on Friday.

Text messages have been circulating among Australians in Indonesia, warning them to take care ahead of the expected execution of the Bali bombers.

The woman who was killed by police in Whangarei on Thursday has been named as 37-year-old Lee Jane Mettam.

A large police team is investigating the fatal shooting of an armed woman who held a man hostage at a store in Whangarei. Police describe the incident as tragic for all concerned. Audio

Stocks on Wall Street rose sharply on Monday in a late rally. However, trading volume on the NYSE was low. European stocks also rose.The New Zealand share market reversed the sentiment of previous…

Australian stocks are expected to open mixed or slightly lower on Monday after Wall Street closed the week lower amid volatile trading.

The New Zealand and Australian stock markets opened higher on Friday morning after a late rally on Wall Street. Audio

The New Zealand sharemarket fell in early trading on Thursday after heavy losses on overseas markets as investors worry about the risk of recession.

The New Zealand stock market is up 7% in Tuesday after governments around the world injected money into banks to shore up the financial system.

Bargain hunters are expected at the start of trade on the Australian stockmarket on Monday. Some $A106 billion was wiped from the value of stocks on Friday.

The Dow Jones industrial average has fallen below 9,000 as stocks in the United States plunged further.

The Warehouse has ended its foray into the grocery business and will phase out sales within the next six months.

Stocks in the United States plunged again on Tuesday for the fifth consecutive session. The Dow Jones index was down 5.11%.

The New Zealand and Australian stock markets are following other markets downwards.

Go Wellington buses will be off the road for a few hours on Tuesday as drivers discuss and vote on a new pay offer.