National Party leader John Key has started his damage control on his holdings in Tranz Rail shares as Labour MPs prepare to skewer him during question time in the House this afternoon.
The loyalty Prime Minister Helen Clark, her deputy Michael Cullen and other members of the Labour-led government have shown New Zealand First leader Winston Peters will be put to the test this afternoon.
The "Wellington crowd" will this afternoon get to celebrate their rugby team winning the Ranfurly Shield when a parade starts from outside the old Government House at 12.45pm.
Investors around the world hit the panic button yesterday as more bad news emerged from the United States where the rescue of insurer AIG failed to calm a crisis of confidence in global markets and banks became scared to lend to each other.
The NZX-50 had its biggest drop since September 11, 2001, sliding nearly 4%, or 111 points, and losing about $1.3 billion in value.
University of Otago students queued for more than 20 minutes yesterday to shake the hand or be photographed with New Zealand First leader Winston Peters as the embattled politician showed he can still pull a crowd.
New Zealand First leader Winston Peters is promising to reveal more details about the Serious Fraud Office investigation into donations made to himself or his party.
The "voodoo economics" of the Reserve Bank came in for some harsh criticism in Dunedin yesterday by New Zealand First leader Winston Peters.
The rescue of insurance giant American International Group yesterday saw Wall Street "give a huge sigh of relief", Forsyth Barr sharebroker Ken Lister said.
The failing United States financial system will affect New Zealand's recovery as global economic growth slows, and has emerged as a significant election issue.
Prime Minister Helen Clark again stalled yesterday on whether to sack New Zealand First leader Winston Peters, despite a less-than-convincing appearance by his lawyer Brian Henry before Parliament's privileges committee.
Central banks and governments around the world will today be grappling with the ongoing financial crisis that is spreading out from Wall Street.
Falling interest rates and tax cuts due on October 1 would hopefully start to reverse the downward trend for local service sector activity, Otago-Southland Employers Association chief executive Duncan Simpson said yesterday.
Global markets will today follow the lead of the United States major indices as brokers prepare for another volatile week of trading following US Federal Reserve emergency measures yesterday.
New Zealand First leader Winston Peters remains scheduled to speak to the Otago Chamber of Commerce on Friday as he awaits the decision from Parliament's privileges committee on the donations scandal.
National Party list MP Katherine Rich is preparing to deliver the most difficult speech she has had give in Parliament.
Finance Minister Michael Cullen was left yesterday deflecting a concerted attack on Prime Minister Helen Clark as to whether or not she retained confidence in New Zealand First leader Winston Peters.
Retail banks started cutting their mortgage lending rates yesterday, after the Reserve Bank slashed its official cash rate by 0.5% to 7.5%But Reserve Bank governor Alan Bollard warned that existing borrowers would not benefit immediately from the largest cut in the OCR since 2001 although new borrowers would.
Arrowtown businessman Michael Hill can now add another title to his already impressive list and he might get another one next month.
University of Otago associate law professor Andrew Geddis will chair a newly-established panel of experts to review electoral administration and political party funding.
A National-led government is likely to offer tax rebates for people with private health insurance, according to Associate Health Minister Jim Anderton.
