US debt limit brinkmanship resurfaces; China opens up, gets more support for AIIB; GE Money sells consumer arm; UST 10yr yields up; oil down; NZ$1 = 73.3 USc, TWI = 79

Short headline:  90 seconds at 9 am: China's AIIB wins key support Tweet Here's my summary of the key issues from over the weekend that affect New Zealand, with news of more countries joining the China-funded AIIB. But first, the US debt limit battle may be about to resurface. Their debt ceiling of US$18.1 tln needs to be extended by Congress, and …

Peaceful protests against shale gas in Algeria

ALGIERS, Algeria (AP) ” Thousands of Algerians demonstrated Saturday against plans to drill for shale gas in the south of the country.Organizers say more than 1,000 demonstrators protested in Ouargla, a city 466 miles south of Algiers….

Auckland property: The kindest cuts to come

For months, politicians and economists have looked at Reserve Bank Governor Graeme Wheeler as if he was a potential arsonist in the Auckland housing market, with the ability to pour petrol on the fire with rate cuts.Prime Minister…

Facebook to buy shopping search engine TheFind

NEW YORK (AP) ” Facebook says it bought shopping search engine TheFind to help boost its advertising business.Terms of the deal were not disclosed. The acquisition is expected to close in the next few weeks.TheFind, which was…