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| US budget deficit hits record high |
| The US government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year. |
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Published: Thu, 11 Mar 2010 09:22 a.m. |
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| Interest rates held steady |
| The Reserve Bank is holding the official cash rate rate steady at 2.5 per cent but has indicated that rates will start rising around the middle of the year. |
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Published: Thu, 11 Mar 2010 09:02 a.m. |
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| Kiwi steady ahead of rates announcement |
| There was solid demand for the New Zealand dollar ahead of this morning's monetary policy statement by the Reserve Bank of New Zealand. |
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Published: Thu, 11 Mar 2010 08:39 a.m. |
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| Banks boost Wall St |
| The S&P 500 rose in early trading as investors snapped up shares of bailed-out financial companies on hopes the sector may be poised for a recovery as the US economy improves, while a drop in oil producer Chevron's stock pushed the Dow slightly lower. |
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Published: Thu, 11 Mar 2010 07:47 a.m. |
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| European shares hit seven-week high |
| European shares closed at a seven-week high overnight as equities shook off two straight sessions of losses, with banks rallying and oil majors supported by firmer crude prices. |
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Published: Thu, 11 Mar 2010 07:43 a.m. |
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| Crown's guarantee windfall |
| The Government will pocket about $290 million in fees from big banks using the wholesale funding guarantee, which will close at the end of April, the Government says. |
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Published: Thu, 11 Mar 2010 05:00 a.m. |
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