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A rental housing crisis in Christchurch is holding up the earthquake-hit city's rebuild with virtually no short-term rentals available, according to the Real Estate Institute.

Auckland Council says new figures underline a housing affordability crisis in the city, with up to to 85,000 lower income households paying unaffordable rents

The risk of collapse in the eurozone appears to be abating, but the Reserve Bank's still expected to be some way off raising interest rates.

A Hawaii-based research organisation says the United States affiliated territories are suffering as a result of America's debt crisis. The LBJ hospital in American Samoa and the Marshall Islands…

Lawmakers in American Samoa are left to consider whether the Retirement Fund can lend eight million US dollars to help the LBJ hospital. Governor Togiola Tulafono says the hospital's financial...

Pipfruit New Zealand thinks a packaging shortage has been avoided for this season's apple exports, after a fire at a factory where moulded trays are made.

The Reserve Bank has told the Government it is ready to reinstitute support systems for local banks should the financial crisis in Europe worsen.

Twenty-five of the 27 European Union countries agreed on Monday to sign a fiscal pact at a summit in Brussels. Only the Czech Republic and Britain refused.

Reserve Bank Governor Alan Bollard is stepping down when his current term ends this September. He was appointed in September 2002 and is in his second term. Audio

The credit rating agency Standard and Poors has downgraded Papua New Guinea's investment risk, warning the political crisis, with two competing prime ministers, is impeding the resource-driven…

The Reserve Bank has kept the benchmark interest rate on hold in its first review of the year.

The man claiming to be the new commander of Papua New Guinea's defence Force says it's his aim to ensure last month's Supreme Court ruling on the legitimacy of the...

US President Barack Obama attacked income inequality in his annual state of the union address and urged Congress to adopt fairer rules on the creation of wealth in the United States.

Papua New Guinea's acting speaker has recommended one of the men claiming to be Prime Minister, Sir Michael Somare, be referred to police over his conduct in Parliament this week.

Builders are welcoming the introduction of a licencing regime, saying it is long overdue and will flush out rogue operators.

The Senate in Italy has passed a confidence vote on austerity measures planned by Prime Minister Mario Monti. The lower house has already done so.

Spain's incoming Prime Minister, Mariano Rajoy, has promised deep cuts in public administration spending to meet tough deficit targets while offering tax breaks for companies.

Papua New Guinea's parliament resumes today, amid the crisis which still sees 2 men claiming to be Prime Minister. Peter O'Neill has declared that his government, backed by 75 MPs,...

The Banking Ombudsman's office is dealing with a 73% rise in new disputes, mostly due to a jump in complaints about mortgage defaults. Complaint numbers are expected to remain high next year also.

Sir Michael Somare has begun a meeting with Papua New Guinea's governor-general, after which the head of state is expected to issue a declaration on who is prime minister. As...

Papua New Guinea's government remains in crisis with Prime Minister Peter O'Neill and his predecessor, Sir Michael Somare, both claiming to be the country's legitimate leader. Audio