Business Report for Tuesday, October 7, 2008

Carnage on the New Zealand stock market is continuing this morning, on the heels of a plunge on Wall Street and the global markets overnight. It's down more than 80 points, after opening at a three year low. ASB Securities spokesman Andrew Kelleher says most of the top 50 stocks have taken a beating. The New Zealand dollar has also taken a hit. The Government has approved Auckland's regional fuel tax... [read full story]