NZ PM Key to step down citing family toll, backs English as successor; dollar drops

Mon, 05 Dec 2016

By Sophie Boot Dec. 5 (BusinessDesk) - Prime Minister John Key will step down on Dec. 12, citing the burden the job placed on his family, and said he would support Finance Minister Bill English as his successor if his deputy puts his name forward. The kiwi dollar dropped on the news that Key, who has maintained persistently high poll ratings as leader, is leaving ahead of next year's general election. It was recently at 70.88 US cents from 71.06 cents earlier. "Ten years at the top - it's a long time, it's a lot of lonely nights for B...

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