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Breaking news: The jobless rate was expected to fall. Instead it rose in September to 5.7% - More soon.

Breaking news: Reserve Bank stuns by holding OCR at 2.75% following a 4-3 vote - Read more

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"A notable feature of the latest figures is that the red ink is now starting to seep into the figures for the South Island, with value figures there starting to show some weakness."

by Greg Ninness

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90 seconds at 9 am with BNZ

90 seconds at 9 am with BNZ; yuan rises; Queensland floods; unemployment; AAA sovereigns

14th Jan 11, 8:42am

by David Chaston

90 seconds at 9 am with BNZ; yuan rises; Queensland floods; unemployment; AAA sovereigns

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Definition: Acid test ratio. The acid-test ratio or 'quick ratio' helps to show whether a company can quickly pay off its short-term debts using its most liquid assets. A ratio above 1.0 is generally a good sign. This ratio is more conservative than the current ratio because it leaves out inventory and other assets that aren't easily converted into cash.

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