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Recent News
CHINA: Why Capital Flows Uphill
- Project Syndicate, 27 Jan 2012
CHINA: Why Capital Flows Uphill One would expect fast growing, capital-scarce (and young) developing countries to be importing capital from the rest of world to finance consumption and investment. So, why are they sending capital to richer countries, instead?
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DealBook: Hedge Funds Scramble to Unload Greek Debt
- New York Times, 27 Jan 2012
Hedge funds that bought an estimated $5.2 billion of beaten-down Greek bonds in the last month are now finding it difficult to find buyers for their positions.
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Govt must adjust for global economic decline - Dunne
- Stuff, 27 Jan 2012
Revenue Minister Peter Dunne says the Government will be forced to look at how it can tighten the tax system if the global economy deteriorates further.
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Market price in a 20% chance of a 25bps rate cut in the year ahead
- Interest, 27 Jan 2012
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by Kymberly Martin
Overall, the NZ market’s reaction to the US FOMC meeting and subsequent RBNZ meeting was relatively muted.
Following the RBNZ statement (little changed), and in sympathy with the fall in US bond yields following the...
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BusinessDesk: "It’s going to be a mediocre US corporate earnings season"
- Interest, 26 Jan 2012
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Underpinning today's mixed bag of American corporate results, the Federal Reserve said it will keep interest rates low until at least late into 2014 as the world's largest economy still needs plenty of help.
Economic conditions "are...
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