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The collapse of a major US investment bank could have an impact on interest rates here. Lehman Brothers is filing for bankruptcy protection after Barclays Bank of America abandoned talks to buy the firm. BNZ chief economist Tony Alexander says the main implication in New Zealand will be that interest rates will not fall as rapidly as they otherwise might have, due to an increase in the cost of borrowing. But he says at some point when the global crisis improves, the cost of borrowing offshore will go down again.
View All NZ LatestCounties back on trackCounties-Manukau have got back to their winning ways in the ITM Cup with a 23-3 win over Tasman in the wet at Pukekohe. Read MoreFerns smash Aussies in second testThe Silver Ferns have wiped Australia off the court in the second netball test in Wellington, to level the Constellation Cup series at 1-1. Read MoreFerns smash Aussies in second testThe Silver Ferns have wiped Australia off the court in the second netball test in Wellington, to level the Constellation Cup series at 1-1. Read MoreToxic sea slugs foundPeople are being urged to look out for toxic sea slugs on beaches in the Auckland region, after one was found at Cornwallis Beach. Read More |
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> Toxic sea slugs found > Armed robbers in West Auckland > Radiographer and DHB talks breakdown > Financial advisors to be more accountable SPORT > Counties back on track > Ferns smash Aussies in second test WEATHER > Thursday's national highs... See All Today's Most Read Stories
> Re-jig for child support?
> Car crash fatality in Far North > Bolger says bigger! > SCF investors targeted > Dr Cullen proposes moving toward republic Read More News on Your Mobile
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