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New Zealand 4Q Current Account (QoQ) increase to $-3.26B vs $-4.42B

Cyprus FinMin heading to Russia for loan talks

Reports are emerging that Cyprus finance minister has scheduled a visit with his Russia counter-part in Moscow in order to discuss an existing 2.5 billion euros loan that Moscow approved to Nicosia back in 2011 at a rate of 4.5%. The main aim is to figure out a way to either lower that rate or extend the loan's expiration date until 2020 from 2016.
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New Zealand Current Account - GDP Ratio down to -5% in 4Q from -4.7%

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