Former Reserve Bank of New Zealand deputy chairman Alison Paterson is among six recipients of the highest award in the annual New Year honors list.
The euro’s 16 member states need to surrender some control of tax and spending to avoid a breakup of the currency, according to Credit Suisse Group AG.
New Zealand’s second-largest city, Christchurch, faces gale force winds and heavy rains today that may add to an estimated NZ$2 billion ($1.44 billion) of damage caused by yesterday’s magnitude 7.0 earthquake .
U.K. stocks climbed, sending the FTSE 100 Index close to a four-week high, amid mounting optimism that central banks from Europe to the U.S. will maintain stimulus support when they meet this week.
German stocks declined for a second day as exports from Europe’s largest economy and factory orders fell, while investors awaited the start of the fourth-quarter U.S. earnings season.
Most European stocks fell after German exports dropped and investors speculated recent gains have overshot the outlook for company profits as Alcoa Inc. prepared to kick off the U.S. earnings season.
European stocks climbed, with the benchmark Stoxx Europe 600 Index posting the biggest four-day gain since early January, as a report showed American unemployment claims fell more than forecast.
The Dollar Index rose for a second day before U.S. data tomorrow on first-quarter growth amid speculation the Federal Reserve will curb monetary stimulus.
German stocks fell for a second day, with the benchmark DAX Index heading for its third straight weekly drop, as Group of 20 finance ministers and central bankers met in Moscow.
"Tapering of QE will start probably in September, October."
- Bob Parker on May 28, 2013
Parker Says Expectations Are ‘Dramatic'
Parker Says Slowdown Concern Is Driving Investors