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Westpac Global Markets Strategy Group: Morning FX Thoughts - NZ Edition

Westpac Global Markets Strategy Group: Morning FX Thoughts - NZ Edition

The upbeat European session (Eurostoxx closed up 1.6%) was not replicated in the US, the S&P500 closing only 0.1% higher. AIG posted a larger-than-expected Q4 loss and its shares fell 10%, and economic data was mixed.

ANZ Morning Brief - Monday 1 March 2010

ANZ Morning Brief - Monday 1 March 2010

OUTLOOK

CURRENCY: Lowered risk aversion levels and extreme market positioning in favour of the USD may well take a break this week. Consolidation of the NZD in previous sessions should enable attempts to the topside during today.

Pay Stays Ahead Of Inflation

Pay Stays Ahead Of Inflation

Salary increases continue to outpace inflation, according to the 2010 Salary Review Survey by Moyle Consulting.

Wage Gap With Australia Getting Bigger

Wage Gap With Australia Getting Bigger

The wage gap between Australia and New Zealand is set to get bigger during 2010, according to an international survey by accounting firm Grant Thornton.

Build Our Trains At Home, Say Rail Workers

Build Our Trains At Home, Say Rail Workers

The Rail and Maritime Transport Union (RMTU) is using an open day at Hutt Rail workshops today to urge KiwiRail to back the New Zealand workforce and 'buy kiwi made' in its upcoming locomotive and wagon procurement.

Record Year For Forced Property Sales

Record Year For Forced Property Sales

On average there were over eight mortgagee sales every day throughout 2009, as the number of forced sales reached the highest levels since records first began.

DairyNZ Priase Staff Handling Of Mercury Spill

DairyNZ Priase Staff Handling Of Mercury Spill

DairyNZ CEO Dr Tim Mackle says staff handled the mercury spill at the company's Newstead (near Hamilton) premises extremely well.

A 100-year-old barometer broke during an office move on Friday afternoon [26th February], spilling approximately 10 mls of mercury.

Fitch Affirms Woodside Petroleum Ltd's Ratings At 'BBB+'

Fitch Affirms Woodside Petroleum Ltd's Ratings At 'BBB+'

Fitch Ratings has today affirmed Woodside Petroleum Ltd's (Woodside) Long-term foreign currency Issuer Default Rating (IDR) and senior unsecured ratings at 'BBB+'. At the same time, the agency has affirmed Woodside's Short-term IDR at 'F2'. The Outlook is Stable.

Moody's Assigns Definitive Ratings To Australian Structured Securities Issued By Mezzanine Investment Trust No.1

Moody's Assigns Definitive Ratings To Australian Structured Securities Issued By Mezzanine Investment Trust No.1

Sydney, February 26, 2010 -- Moody's Investors Service has assigned definitive ratings to notes issued by Namotu Finance No.3 Pty Limited in its capacity as trustee of the Mezzanine Investment Trust No.1.

Issuer: Mezzanine Investment Trust No.1.

Fitch Affirms TCNZ's Ratings; Outlook Negative

Fitch Affirms TCNZ's Ratings; Outlook Negative

Fitch Ratings has today affirmed Telecom Corporation of New Zealand Limited's (TCNZ) 'A' Long-term Issuer Default Rating (IDR) and 'F1' Short-term IDR. The Outlook remains Negative.