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Plans to make housing more affordable have been finalised by the Government and will be issued this month.

The United Nation's refugee agency warns as many as 700,000 people could have fled Syria by the end of the year.

The United Nation's refugee agency has warned that as many as 700,000 people could have fled Syria by the end of the year, a huge increase on its previous estimate.

A group of Australian councils, charities and churches has won a court case against the defunct US investment bank Lehman Brothers in a case that could have global ramifications.

The Ministry of Business, Innovation and Employment has admitted there are problems with the Building Act. Audio

Fletcher Building's profit has fallen by a third due to weak building activity in New Zealand and a sharp slowdown in construction in Australia. Shares slid more than 5% after it warned of a tough…

The Treasury says new tools to rein in bank lending during property booms need to be spelt out clearly so that future Reserve Bank governors can be held accountable for their use.

The Reserve Bank says New Zealand and Australia have escaped the worst of the global financial crisis, but small open economies are wearing some of the cost of easy money policies by other central…

US stocks were little changed early on Thursday with light trading after a rally in the Dow Jones Industrial Average Index which brought it to a three month high.

UN-Arab League joint special envoy to Syria Kofi Annan is leaving his post at the end of August. Audio

Barfoot & Thompson says it has sold 424 homes in Auckland worth over $1 million in the first half of this year. Audio

United States Defence Secretary Leon Panetta says Syria is lurching into dangerous territory and the situation appears to be spinning out of control. Audio

China's economy, the second biggest in the world, has grown at its slowest pace in three years as investment slows and demand falls in its own key markets such as the US and Europe.

An undersupply of housing in Auckland is helping push prices to new highs, but isn't triggering the building rush needed to address the imbalance.

Prime Minister John Key says there is no housing crisis in Christchurch - despite one of his ministers saying that there is.

Neither economists nor the Finance Minister expect a changing of the guard at the Reserve Bank to lead to a dramatic change in monetary policy.

Economists say the future direction of interest rates in New Zealand is now linked to how effectively Europe deals with its deepening and tumultuous debt crisis.

Housing experts say the latest price rises mean the Government must act urgently to deal with worsening housing affordability.

Prime Minister John Key says the financial crisis in Spain is focused on that country's banks and is less serious than the problems in some other European countries. Audio

France is going to the polls for parliamentary elections expected to determine the extent and pace of reform under new President Francois Hollande.

Eurozone finance ministers are to hold a conference call to discuss a bailout for Spanish banks.

The US Federal Reserve is ready to take steps to lift the US economy if it weakens. But he gave few hints of any change to policy soon.

Syrian pro-government forces have killed 78 people in a single village in Hama province, many of them women and children, amid fears militia are turning to sectarian violence. Audio