Posted on 17 May 2012 by NZ Herald
Fitch ratings agency has downgraded debt-crippled Greece deeper into junk territory, warning of a "probable" Greek exit from the euro currency union if new national elections next month produce an anti-bailout government.Fitch said...
Posted on 17 May 2012 by NZ Herald
The New Zealand dollar fell amid concerns about the strength of Spain's banking system amid rumours of a run on cash at the recently nationalised Bankia SA, heightening speculation that the region's debt crisis is spreading.The...
Posted on 16 May 2012 by NZ Herald
The New Zealand dollar fell to a five-month low after the European Central Bank said it will temporarily stop lending to Greece's banks, damping investors' appetite for risk-sensitive assets.The New Zealand dollar fell as...
Posted on 16 May 2012 by NZ Herald
The tumbling New Zealand dollar is being matched by a drop in the price of oil, meaning pump prices are staying about where they are - for now.Oil has dropped to its lowest price in five months with the price of a barrel of Brent...
Posted on 15 May 2012 by NZ Herald
The New Zealand dollar fell 1 US cent after Greek politicians called for new elections after crisis talks failed and dairy product prices declined for the third straight sale in Fonterra's global auction.The New Zealand dollar fell...
Posted on 14 May 2012 by NZ Herald
The New Zealand dollar fell to a five-month low as Greek politicians struggled to form a new government, heightening speculation the nation may leave the euro region and sapping investors' risk appetite.The New Zealand dollar...
Posted on 14 May 2012 by NZ Herald
The New Zealand dollar edged down slightly after the release of worse-than-expected retail sales data for the March quarter.By late morning, the Kiwi was trading at around US78.0c, down from SU78.10c just before Statistics...
Posted on 13 May 2012 by NZ Herald
The New Zealand dollar rose after China cut the amount of cash that banks must set aside for reserves, a move that may stoke lending and economic activity in the nation's second-largest export market.The New Zealand dollar traded...
Posted on 13 May 2012 by NZ Herald
China's central bank announced at the weekend a cut in the amount of reserves that banks must hold to try to spur lending and revive a sharply flagging economy.The 0.5 percentage point cut in the banks' required reserve by the People's...
Posted on 12 May 2012 by NZ Herald
In America, I'd never met anyone called Pauline. Not that I'd dwelled on the fact. When the bank queue split off for the different tellers I was drawn to her and her golden name badge. I wondered if maybe Pauline fell in the same...
Posted on 10 May 2012 by NZ Herald
The New Zealand dollar held near a four-month low after the European Bailout Fund pledged its support to Greece, easing concerns the indebted nation will leave the euro and America's jobless claims came in better-than-expected.The...
Posted on 09 May 2012 by NZ Herald
The New Zealand dollar held near a four-month low as Greek politicians struggled to form a new government, heightening speculation the nation may leave the euro and sapping risk appetite.The New Zealand dollar traded at 78.46...
Posted on 08 May 2012 by NZ Herald
The Reserve Bank of New Zealand's view that the kiwi dollar is set to fall further has reduced prospects of a cut in an official cash rate that is already at a record low, economists say. In its latest financial stability report,...
Posted on 08 May 2012 by NZ Herald
The New Zealand dollar fell to a four-month low and may extend its decline amid concern the commitment of new euro zone governments such as in Greece and France to austerity measures may waiver, undermining the region's economy.The...
Posted on 08 May 2012 by NZ Herald
Renewed uncertainty in Europe has once again clouded the outlook for the New Zealand dollar.The currency ended yesterday at US79.30c - having spent March and April in a US80.50c to US83c range.Imre Speizer, Westpac's senior currency...