The White House moved to reassure markets after the Dow Jones Industrial Average index dropped by 1175 points.

Investors still prefer property – along with term deposits – and are expecting steady returns again in the year ahead.

Specialty insurer CBL Corp will make a large full-year net loss, impacted by costs of $144 million following a review of its Securities and Financial Solutions Europe business, it says.

Bank customers who fall prey to internet fraud will be protected by a specific clause in a new banking code, after the Bankers’ Association backtracked on removing it.

The New Zealand share market has had its biggest one-day fall in more than a year as a major drop on Wall Street spooked local investors.

Media companies Stuff and NZME are seeking leave to appeal the decision by the High Court to reject the merger they had proposed.

Homewares and sporting goods retailer Briscoe Group expects to report a record full-year profit because of solid sales.

An Auckland school is taking a stand against social media asking its students to not have any social media accounts until high school.

The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in US markets.

New information shows payments inching up for creditors of the failed former state coal miner Solid Energy.