Private bondholders will lose 70% from Greek deal

Source: Forexfactory
Investors who have agreed to take part in essential cut of Greek debt would lose about 70% of the bond holdings, a person familiar with the issue said on Tuesday. The final deal on Greece's debt is likely to be signed in a couple of days along with the second bailout package aimed at saving the country from the default.
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Tue, 31 Jan 2012 08:11:04 GMT

New Zealand's housing approvals moved higher in December

New Zealand's building consents increased by 2.1% last month on a seasonally adjusted basis. However, excluding apartments, a small decline of 0.2% was observed. Considering yearly changes, building consents increased slightly in December but remained close to 46 year low, reported Statistics New Zealand.

Tue, 31 Jan 2012 10:39:26 GMT

Aussie and Kiwi rally on EU summit

New Zealand and Australian Dollars appreciated sharply on Tuesday as European officials signalled they have taken measures to end two-year debt crisis. Both South pacific currencies also were fuelled by positive news about Australian business confidence and an increase in home building approvals in New Zealand. Aussie strengthened 0.3% to $1.0632 and Kiwi climbed 0.5% to $0.8233. Currently AUD/USD is

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