Posted on 20 February 2012 by NZ Herald
Stocks advanced amid expectations a deal on Greece's second financial rescue was imminent and that China was moving to increase liquidity at its banks.Euro zone finance ministers last night met to discuss the Greek bailout deal...
Posted on 19 February 2012 by NZ Herald
Greek Prime Minister Lucas Papademos rushed to Brussels overnight, a day before eurozone finance ministers have to decide whether Greece will get a 130-billion euro ($NZ204b) bailout and avoid a potentially devastating default.Leaders...
Posted on 15 February 2012 by NZ Herald
The New Zealand dollar hit a record high against the euro amid speculation European finance minister will delay a decision on Greece's second bailout package until April. The New Zealand dollar rose as high as 64.11 euro cents,...
Posted on 14 February 2012 by NZ Herald
The New Zealand dollar fell as further delays in Greece's bailout package, weaker-than-expected retail sales and credit rating downgrades of nine European nations sapped risk sentiment.The New Zealand dollar was little-changed on...
Posted on 12 February 2012 by NZ Herald
Greece's parliament has just approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled country from bankruptcy, after rioters in central Athens torched buildings, looted shops and clashed with riot...
Posted on 12 February 2012 by NZ Herald
The New Zealand dollar declined against the greenback and the euro ahead of a vote by Greek politicians on austerity measures needed to win a second international bailout package.The New Zealand dollar traded at 82.73 US cents just...
Posted on 12 February 2012 by NZ Herald
Protesters and police fought running battles in central Athens overnight, as Greek lawmakers debated legislation that would introduce severe austerity measures to stave off bankruptcy.The clashes broke out around 6 pm local time...
Posted on 09 February 2012 by NZ Herald
Not long after Greece made the politically unpopular decision to slash government spending as a way to ease its debt crisis, Germany's finance minister questioned whether the deal goes far enough to earn a crucial 130 billion euro...
Posted on 08 February 2012 by NZ Herald
The New Zealand dollar retreated from a new five-month high after reports Italy has fallen into recession helped offset optimism that the euro zone is nearing a solution to Greece's sovereign debt crisis.The New Zealand dollar...
Posted on 07 February 2012 by NZ Herald
The New Zealand dollar dipped below 63 euro cents for the first time in more than a week amid speculation Greek officials and private creditors are preparing the final draft of a budget and structural measures needed to free up the...
Posted on 06 February 2012 by NZ Herald
The New Zealand dollar held near a 5-month high against the greenback and near a record versus the euro following better-than-expected US jobs data and concerns Greece's political leaders will fail to reach the conditions of a...
Posted on 06 February 2012 by NZ Herald
The New Zealand dollar held near a 5-month high against the greenback and near a record versus the euro following better-than-expected US jobs data and concerns Greece's political leaders will fail to reach the conditions of a...
Posted on 06 February 2012 by rhosking@paradise.net.nz
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Posted on 04 February 2012 by NZ Herald
The surge in our currency this week to a five-month high against the United States dollar and a record high against the euro highlights how we are losing in a race to the bottom.Britain, Europe and the United States are determined...
Posted on 02 February 2012 by NZ Herald
The New Zealand dollar rose to a new five-month high on optimism the global economy is reviving, giving investors more appetite for growth-linked assets such as the kiwi.The New Zealand dollar rose as high as US83.53c, the highest...