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Inflation speeds to 4pc on GST hike
New Zealand consumer prices rose 2.3 per cent as expected in the three months ended December 30, mainly reflecting the hike in GST.
NZ dollar climbs on rising world food prices
The New Zealand dollar climbed back above 77 US cents as food inflation fears prompted investors to seek out commodity-linked currencies.
Tightening the continent's belt by several notches
Finance ministers from the eurozone are meeting to consider the issue of bailouts for debt-ridden countries.
<i>Dollar Outlook:</i> Kiwi may break 78c on strong commodities, CPI
The New Zealand dollar will probably test US78c this week as the currency rides the wave of stronger prices for raw materials.
World shares rally on good Portugal news
Equities in Europe and on Wall Street rallied after Portugal's successful bond sale eased concerns about the euro-zone's debt crisis.
Corporate results, Japan boost mood on Wall St
Stocks on Wall Street were up as investors' confidence was underpinned by better-than-expected US earnings and international support for Europe's debt.