90 seconds at 9am: Germans eye short selling ban; Rates may align in Budget
19th May 10, 7:42am
Bernard Hickey details the key news overnight in 90 seconds at 9am in association with the BNZ, including news Germany is looking to ban short selling of stocks in another attempt to calm the situation on European markets. The Dow fell as fears grew again that a European slowdown could cause a double dip in the global economy. Meanwhile, The Press is reporting that the government may align the top personal income tax rate and the family trust rate at 33% to reduce tax avoidance.