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Standard Poor's has lowered New Zealand's credit rating one notch to AA. The ratings agency says it's because of the country's high external debts and the cost of rebuilding after the Christ Church earthquake. In a statement, Standard Poor's says the

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And consumer group Choice has welcomed moves by the Reserve Bank. The stock companys profiteering from credit card transactions. From January next year, merchants will only be able to charge reasonable fees on transactions which reflect the cost of a

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S&P downgrades eurozone's bailout fund EFSF

LONDON, Jan. 16 (Xinhua) -- Ratings agency Standard Poor's lowered the AAA long-term issuer credit rating of European Financial Stability Facility (EFSF), eurozone's rescue fund, to AA+ from AAA on Monday. The ratings agency cited the now-reduced cre

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