Wed, 22 Aug 2012
Solid Energy sale in doubt and the great Kiwi exodus continues - Audio
interst.co.nz managing editor Bernard Hickey talks buinsess with RadioLIVE's Marcus Lush including Doubts are growing that the government will be able to sell Solid Energy before the election given the savaging it is taking from the high New Zealand dollar and lower coal prices. New Zealand lost a record-equalling 39,800 people to Australia net, after around 150 a day left in the year to July and just 38 a day came back. A net 660 people overall left in July. The Bundesbank is pushing back at the idea the European Central Bank would embark on massive and unlimited buying of Southern European bonds. This may be a spanner in the works of the 'official' plans to keep the euro alive. Greece is also edging back on to the euro exit radar with a likely call in coming days for yet another delay to its bailout. Apple officially ended last night's trade as the most valuable listed company in the history of the world, surpassing Microsoft's value in 1999 when it was worth US$616 billion