The plummeting iron ore price has wiped $A74 billion ($NZ74.9
billion) from the value of Australia's key iron ore mining
stocks since January last year and analysts expect the share
prices to continue their fall as the price for the commodity
Applying the Reserve Bank's lending restrictions to Auckland
speculators, rather than on regions, families or first home
buyers, could be a solution to the housing market crisis,
Labour leader Andrew Little said yesterday.
Global currency movements are still intriguing observers as
the slightest alteration to a forecast or reported missed
expectations changes the value of the United States dollar
and the currencies it trades against.
Auckland driving NZ housing policyIf there was any doubt
about why Auckland needed special rules to help with its
housing demands, it was removed yesterday in a speech by
Reserve Bank deputy governor Grant Spencer. Business editor