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The New Zealand dollar has climbed to its highest level since the country adopted a free-float exchange rate 20 years ago - and its highest level against the U.S. dollar in 22 years.
The governor of Australia's central bank gave a strong hint Friday that the bank will soon raise interest rates for the first time since December 2003 even though the nation's housing boom has been largely subsiding.
Education is a life-long quest that should and could broaden a person#8217;s outlook, opening him or her to new experiences. It should make people independent and disciplined in their thinking, and deeply committed to some productive activity, besides possessing convictions based on an understanding of the world and on their own integration of personality.
US Federal Reserve officials are not optimistic that China will drop its currency peg against the dollar anytime soon because that decision is in the hands of a State Council focused primarily on political stability rather than financial issues.
New Zealanders celebrate Waitangi Day, the closest thing they have to a National or Independence Day, on Feb 6. But 'celebrate' is perhaps putting it too mildly. While National Day in other countries is commemorated with patriotic fervour - usually with grand parades showing off military hardware - Waitangi Day in New Zealand has for decades been marred by ugly protest, division and bitterness.
Australia's economic growth eased in the third quarter to its weakest pace since late 2000 as sluggish exports dragged on the economy, raising doubts about the need for tighter monetary policy.