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Crisis brings us closer, says EU president
Those who think that the Euro will disintegrate are not fully aware of the dynamics of the European Union, the EU Commission President Jose Manuel Barroso said in Auckland today.
World markets down as Euro talks disappoint
Disappointment about the outcome of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy ruled investor sentiment on both sides of the Atlantic overnight.
Kiwi dollar tipped to gain as equity markets recover
The New Zealand dollar may rise this week, as equity markets recover from a three-week selloff following the US credit rating downgrade.
Joe Beaglehole: Let the people decide on economy
Balancing tax and spending is not a task we can afford to cede to appointed experts...
US debt standoff keeps investors on sidelines of world markets
A Mexican standoff in the US debt talks, with a potential credit ratings downgrade and a government default at stake, kept investors on the sidelines overnight.
Tiny NZ a big part of US trade growth plans
A proposed Trans Pacific Partnership is the top trade priority for Barack Obama and John Key.
Italy catches cold as world markets dip overnight
Fear that the debt crisis in Europe is spreading has sent investors running for the exits, hammering both global equities and the euro.
Europe threatens 'mad' ratings agencies
The world's leading credit ratings agencies have been threatened with tighter regulation and break-up by some of Europe's most powerful politicians.