New Zealand Dollar Falls Below 50 U.S. Cent Level
The New Zealand share market slumped to the three and a half years low and the local dollar fell through 50 U.S. cents for the second time in 12 years Thursday as local financial markets grappled with the implications of a breakup of the governing coalition. The current coalition government is forme...
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| Published in | Xinhua News Agency - CEIS p. 1 |
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| Format | Newsletter |
| Language | English |
| Published |
Woodside
Xinhua News Agency
14.08.1998
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| Online Access | Get full text |
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| Summary: | The New Zealand share market slumped to the three and a half years low and the local dollar fell through 50 U.S. cents for the second time in 12 years Thursday as local financial markets grappled with the implications of a breakup of the governing coalition. The current coalition government is formed by the New Zealand National Party with Prime Minister Jenny Shipley as its leader and the New Zealand First with Deputy Prime Minister Winston Peters as its leader. The latest political turmoil was triggered by Peters' walkout of a special cabinet meeting Wednesday night as a decision was about to be taken to sell the government's shareholding in the Wellington International Airport. |
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