While Reserve Bank governor Alan Bollard raised interest rates as expected, the central bank's rhetoric wasn't as hawkish as expected.

Reserve Bank Governor Alan Bollard said: “Recent indicators show clear evidence of a pick-up in economic activity in late 2006 and early 2007.

Reserve Bank Governor Alan Bollard said: “Recent indicators show clear evidence of a pick-up in economic activity in late 2006 and early 2007.

First New Zealand Capital has expanded its range of model portfolio options by adding an Australian Shares portfolio.

UPDATED: ING last night scooped the Morningstar Fund Manager of the Year Awards, taking out the top gong as well as three of the sector awards.

A press release from United Future

Auckland

Auckland

BT Funds' chief economist Chris Caton provides some thoughts on the recent selldown of equities.

Morningstar fund manager of the year award nominees, Expect interest rate rise this week, Superstore bid fails, St Laurence to make rights offer, Albany Property joins Unlisted.

Economists are not generally renowned for a tendency to get over-excited, but hear Jim O’Neil, chief economist at Goldman Sachs, talk about the potential for the economies of Brazil, Russia, India and China (BRIC) and you can’t help but share his enthusiasm for this investment theme.