Social media giant faces ire of politicians, investors, clients and users after historic data breach.

A Christchurch man who cheated investors out of $17 million through a Ponzi scheme has been sentenced to eight years in prison.

The New Zealand sharemarket has fallen sharply in early trading after Wall Street dived on fears of a global trade war.

Half of insurance advisors are not meeting their obligations to clients, and they have been put on notice after a review by a financial watchdog.

Fonterra’s appalling result yesterday points to a lack of connection between management and local shareholders, agricultural economist Peter Fraser says.

The Reserve Bank has held its cash rate unchanged as expected amid subdued inflation and moderate economic growth.

Pacific Steel in Auckland has lost its bid to have China and Malaysia penalised over steel coming into this country at low prices.

Dairy prices have fallen to their lowest level in two months in the latest global auction.

The dairy giant Fonterra has made a first-half loss after taking a large write-down on its Beingmate investment, in addition to damages to its rival, Danone.

ANZ Bank still wants to be rid of its business finance subsidiary, UDC, and is considering a sharefloat.