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The following articles are sourced from The New Zealand Herald


Oil slumps to fresh low in US trading
Fri, 19 Dec 2014 10:30
Oil prices have skidded sharply lower in volatile trade, pushing the US benchmark futures contract to a new five-year low amid concerns about ample global supplies.West Texas Intermediate (WTI) for January delivery tumbled $US2.36...

 

Russia's rich flee crisis to buy up property
Fri, 19 Dec 2014 05:00
The financial crisis in Russia has wiped billions off the fortunes of some of Britain's wealthiest tycoons and has led to a spate of property panic buying across London.Russia's 20 richest people lost more than 6 billion ($12.12...

 

Russia economic crisis: Run on shops as ruble falls
Fri, 19 Dec 2014 05:00
Muscovites rushed to the shops yesterday as the ruble's slide brought fears that imported goods would soon soar in price.As President Vladimir Putin prepared to project Russia's strength in his annual meeting with the press today,...

 

Stock index up on back of global rally
Fri, 19 Dec 2014 05:00
New Zealand shares rose yesterday, led by OceanaGold and Air New Zealand, following a global rally as a rebound in oil prices and positive statements from the US Federal Reserve gave investors hope for the international economy. Arvida...

 

Kiwi tumbles after US Fed hints at interest rate hike
Fri, 19 Dec 2014 05:00
The New Zealand dollar tumbled about US1c after US Federal Reserve chair Janet Yellen indicated higher US interest rates are coming, and was more upbeat about the state of the world's biggest economy.The kiwi was trading at US76.88c...

 

Ruble trouble: Rescue package for Russia? No chance
Fri, 19 Dec 2014 05:00
Here's what is happening with Russia: Its currency has lost half its value and investors have pulled out tens of billions of dollars amid a plunge in oil, its biggest export.Here's what isn't happening - any public discussion among...

 

Statistics NZ takes knife to country's growth rates for past few years
Fri, 19 Dec 2014 05:00
The economy grew more strongly than expected in the September quarter but the positive surprise was overshadowed by the statisticians' downward revisions to growth over the past few years.Led by the primary sector, economic output...

 

NZ dollar dips as economic growth revised down
Thu, 18 Dec 2014 17:58
The New Zealand dollar dipped after the country's pace of economic growth was revised down, though continued to beat expectations, and as the Federal Reserve gets closer to making a call on whether to hike interest rates.The kiwi...

 

GDP: Economy grows faster than expected
Thu, 18 Dec 2014 11:20
New Zealand's economy grew at a faster pace than expected in the September quarter as a good start to the dairy season and increased oil and gas activity stoked activity.Gross domestic product expanded 1 percent to a seasonally...

 

Ruble fall: Russians rush to buy big-ticket items
Thu, 18 Dec 2014 08:27
Russian consumers flocked to the stores, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.As the Russian authorities announced...

 

Falling ruble bad omen for Putin
Thu, 18 Dec 2014 05:00
The raw figures look bad, and they are deteriorating.Experts differ on quite how much of a crisis the Russian economy is in, from the apocalyptic - the country is fast running out of money; it is on the verge of financial collapse...

 

NZ insulated from Russian economic fallout
Thu, 18 Dec 2014 05:00
Russia's currency crisis has added risk to world markets, but the New Zealand economy is likely to be spared direct impact, analysts say.In spite of a dramatic hiking of Russian interest rates, the ruble plunged yesterday, prompting...

 

Dairy woes buffer debt slide
Thu, 18 Dec 2014 05:00
Foreign claims on the economy exceed New Zealand investment abroad by $152 billion.That is how much the net international investment position was in the red at the end of September 2014, Statistics New Zealand reported yesterday....

 

Ambrose Evans-Pritchard: Japan's recovery bid a threat to the world
Thu, 18 Dec 2014 05:00
HSBC has warned that Japan's barely disguised attempt to drive down the yen is becoming dangerous and may spin out of control, leading to an exchange rate crisis next year and a worldwide currency storm."It is entirely possible...

 

NZ dollar pares gain ahead of Fed meeting
Wed, 17 Dec 2014 17:31
The New Zealand dollar pared overnight gains in local trading as investors look to the outcome, tomorrow morning, local time, of the last US Federal Reserve policy meeting of the year, which may provide guidance on the US central...

 

Five reasons you should care about Russia's economic crisis
Wed, 17 Dec 2014 11:55
Russia's ruble was tanking on Tuesday faster than journalists could type, hitting levels against the dollar that were unimaginable even a week ago. Q: So why should I care about a weak ruble? A: Russia's plummeting ruble is swiftly...

 

Russia takes well-trodden path in ruble defence
Wed, 17 Dec 2014 11:42
ince the end of the postwar system of fixed exchange rates more than four decades ago, countries repeatedly have faced crises when their currencies tumble. Russia's attempt this week to support the ruble through higher interest rates...

 

Russia's sinking economy becoming global threat
Wed, 17 Dec 2014 11:30
Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy.With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged...

 

Current account deficit near six-year high
Wed, 17 Dec 2014 10:51
The impact of falling dairy export receipts was a primary contributor to the balance of payments deficit on current account pushing out to $2.5 billion in the three months to September 30, the highest since the December 2008 quarter,...

 

World shares up as energy rebounds, ruble slides
Wed, 17 Dec 2014 07:59
Equities on Wall Street and in Europe rose overnight as investors found value in beaten-down stocks including energy shares such as Chevron and Nabors Industries.Shares of Chevron gained 2.6 per cent, while those of Nabors soared...

 

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