90 seconds at 9am: DNZ in strife; Euro leaders pledge to help Greece

Watch on our video home page here. Watch on YouTube here. Bernard Hickey details the key news in 90 seconds at 9am in association with the BNZ, including news that Fonterra has cut the size of its 6 year retail bond offer by NZ$150 million to NZ$100 million after Fonterra was able to raise further cash offshore. Meanwhile property fund manager DNZ is in all sorts of strife after respected fund manager Simon Botherway left and it deferred its dividend. DNZ was borne out of funds built by Money Managers and Doug Somers Edgar. Meanwhile, European leaders pledged overnight to help Greece get through its fiscal crisis as long as Greece was able to cut its deficit. This initially helped the Dow and other markets rally, but uncertainty remains over the detail and markets fell again in late trade as the crisis meetings continue.