It may be the holiday break, but in the rest of the world, business goes on. Here is a quick snapshot of some key news and data overnight.
The NZ$ has today reached an all-time post-float high against the UK pound of NZ$1 = UKP0.4945, or almost two-for-one. It was back in September 1992 when it reached its lowest ever level of NZ$1 = UKP0.2694.
He may be banned from being a director, but the notorious Bernard Whimp is at it again with a series of low-ball offers, this time behind a LP (limited partnership) structure.
The US is tapping the tax-haven cash held by corporations. Will it become the next 'stimulus?
The mirco-lending mess in India is looking particularly ugly - and someone won a Nobel Prize for this. More good intentions with unexpected consequences.
Sweden is showing central bankers how to fight asset-price bubbles.
A surprising finding about the US long-term unemployed: the rate at which workers were fired or laid off was lower in 2010 than it was in even the mild recession of 2001.
Not a believer?
The NZ dollar has spiked again this morning to as high as US$0.7660, 'benefiting' from the continuing push higher in the on-going commodity price boom.
Here are some key benchmarks:
|--- 52 week --|
|Crude oil||in US$/bl||91.29||91.45||91.45||70.15|
|US Treasuries||30 yr bond||4.53%||4.49%||4.78%||3.61%|