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NZ dollar drops to 17-month low vs. British pound after BOE pulls back on lending scheme
By Tina Morrison Nov. 29 (BusinessDesk) – The New Zealand dollar fell to the lowest in more than 17 months against the British pound after the Bank of England bet the UK housing market was strong enough to withdraw support for a lending scheme. The kiwi dropped as low as 49.53...
While you were sleeping German CPI accelerates
By Margreet Dietz Nov. 29 (BusinessDesk) – Unexpected signs of accelerating inflation in Germany bolstered both European stocks and the currency as it underpinned optimism that the recovery in the region's largest economy might be gaining traction. Germany’s annual inflation r...
Court reserves decision on inaccurate Dotcom search warrants
By Paul McBeth Nov. 28 (BusinessDesk) - The Court of Appeal has reserved its judgment on whether the search warrants carried out during the high-profile arrest of Mega founder Kim Dotcom were so deficient as to be invalid. The Attorney-General appealed a High Court ruling tha...
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