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Business

Market close: NZ joins Asia-wide rout - Chorus, Diligent, Westpac drop

"We got barbequed by Big Ben" - a reference to Federal Reserve chairman Ben Bernanke's comments signalling an end to bond buying.

NZD slides after Fed flags tapering QE, weak local GDP, China slowdown

The New Zealand dollar falls after being hit by a somewhat unexpected triple-whammy,

NZ wants all-of-govt banking proposals in first shakeup since 2004

Bill English called for fresh bids more than two years ago

The so-called master contract with Westpac "is no longer sufficient to meet the current and future banking needs of government".

New cronies for EQC quango

Sir Maarten Wevers

Sir Maarten Wevers will take over the role of chairman on August 1.