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BUSINESS NEWS

Latest business news updates about the stock markets, economy, personal finance, property and Kiwisaver.

22:12 Wed May 16 2012
With talk of a eurozone collapse growing louder, Bank of England governor Sir Mervyn King has warned of the "risk of a storm heading our way".
Historic royal diamond sells for $US9.7m
11:00 Wed May 16 2012
A centuries-old diamond passed down through generations of European royalty has fetched $A9.77 million at auction in Geneva.
17:50 Tue May 15 2012
Greece's president has suggested a government of technocrats be created in order to avoid new elections next month.
Japan town approves nuclear reactor
03:00 Tue May 15 2012
Japan has taken a step towards becoming a nuclear nation again after a town gave the green light to the re-firing of two atomic power units.
Angry Birds company valued at $8.8b
12:00 Mon May 14 2012
The company behind the Angry Birds mobile phone game has been valued at $8.8 billion.
09:13 Mon May 14 2012
The prospect of new elections in Greece has grown as political leaders emerged from emergency cabinet talks with no breakthrough in sight.
20:45 Fri May 11 2012
Germany has warned Greece there will be no more bailout funds unless it enacts the agreed reforms, while a minister says the EU would survive a Greek exit.
00:55 Fri May 11 2012
A UN survey has found the Asia-Pacific region will face slower growth this year, with high prices, but it will remain the fastest growing in the world.
00:09 Fri May 11 2012
The World Bank has released a report on development, in which it rejects as a myth the belief that green growth is a luxury only rich nations can afford.
23:44 Wed May 9 2012
Greece is sinking deeper into crisis as the party tasked with forming a new government looks to renegotiate a bailout package.
23:15 Wed May 9 2012
The European Commission's chief, Jose Manuel Barroso, has stated unequivocally that there will be no renegotiation of a fiscal pact.
17:03 Wed May 9 2012
Hollande's first foreign trip as president of France will be to Berlin, where he will face pressure to keep austerity promises.
Australian budget is strong: Fitch
13:00 Wed May 9 2012
British ratings agency Fitch Ratings says the Australian government's budget, released yesterday, is a strong and resilient one, but reaching a surplus could be a challenge.
13:11 Tue May 8 2012
The global luxury market is forecast to grow by up to seven per cent in 2012 despite the financial crisis.
12:08 Tue May 8 2012
British leaders David Cameron and Nick Clegg are expected to make a statement to reaffirm their commitment to tackling deficit and rebuilding the economy.
Sex.com becomes erotic 'Pinterest' alternative
11:00 Tue May 8 2012
The company that paid for the most expensive internet domain name in the world is turning the website into the "adult-oriented alternative to Pinterest".
23:10 Mon May 7 2012
Japanese car company Suzuki is recalling more than 100,000 units of its Swift model worldwide, including in Australia.
Android, Samsung hold off Apple in US
09:30 Sun May 6 2012
Google's Android system has grabbed over 50 per cent of the US smartphone market, while Samsung cemented its leadership as the top device maker, a survey shows.
Holocaust victims seek Swiss bank millions
04:33 Fri May 4 2012
A new lawsuit claims some of Switzerland's largest banks are conspiring to keep the money of Holocaust victims.
00:53 Fri May 4 2012
A love for fast cars has enabled the Italian government to nab tax evaders even as it asks for suggestions on ways to cut its administrative costs.
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