Tax crackdown a step closer

Taxing Times

Finance ministers are expected to ratify the first part of a plan to restrict multinational tax avoidance.

Aussie CEO pay down but still too high

Australian dollars

OPINION: Compared with the money mere mortals take home, CEO pay in Australia is the lowest it has been for 11 years.

US Fed keeps rates at record low

US Federal Reserve

The Federal Reserve signalled its plans citing that a broad range of US economic measures remain subpar.

Fake NZ bank used in US fraud

US dollars, greenbacks, money

A phony NZ bank was set up in the US to help steal millions of dollars from developers.

Kiwis fall behind in green ICT


Fujitsu says the New Zealand has taken its eye off the ball greening its infrastructure.

US Fed bets boost markets

US sharemarket

Stock markets around the world rose on rumours the US Federal Reserve would stick to interest rate guidance.

US incomes stagnate


Most US households saw no increase in their income last year, despite the recession ending five years ago.

Aussie dollar 'overvalued'

australian dollar

Internal RBA document suggests the currency may be too high even after a week-long tumble of four cents.

Alibaba's unassuming lieutenant


For investors in Alibaba's potentially record initial public offering, Simon Xie, co-founder and VP, is one of the e-commerce giant's most important figures.

OceanaGold speeds up Didipio mine


Gold and copper miner is winding down its Reefton operations and ramping up work in the Philippines.

China's stock surge tipped to fizzle

China flag

Chinese mainland shares hit 18-month highs but hopes the equity market may show signs of life after years of stagnation may be short-lived.

NZ firm named in huge scam


NZ shell companies may have played a part in the biggest money-laundering operation in Eastern Europe.

Ferrari gets new driver

Luca Cordero di Montezemolo (left) and Sergio Marchionne

Luca Cordero di Montezemolo has quit as Ferrari chairman after clashing with the boss of parent Fiat group over the F1 team's poor results.

US banks pressured to shrink

JP Morgan

Federal Reserve plans to push the biggest US banks to shrink so they pose less risk to the financial system.

Jail for US$275m illegal gain

Mathew Martoma

Former portfolio manager gets nine years in prison for the most lucrative insider trading scheme in US history.

Hart moves to sell assets

Graeme Hart

Kiwi billionaire Graeme Hart engages banks to sell two more parts of his global packaging empire, reports say.

Dubai lays out plans for Legoland

A property development company controlled by Dubai's ruler is planning the Middle East's first Legoland theme park.

Searching for Europe growth, China clarity


The euro zone's struggle to avoid another recession will take centre stage this week.

Offer highlights tuna plight


Chinese plans to take even more tuna from the Pacific are revealed in a Hong Kong stock offering.

BP found 'grossly negligent'

US court ruling could add billions of dollars in fines to BP's role in a 2010 Gulf of Mexico oil spill.

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