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60 billion kiwi dollars. It is projecting a contraction of its gdp in the Second Quarter to 21. 8 . New zealand maintaining its benchmark Interest Rate at 0. 25 , all pretty much as expected. The rbnz has been at the forefront of supporting the 0. 5 already. Ates under a lot of pressure for this fiscal stimulus, as weve been saying, to double to 60 billion kiwi dollars. Facing a lot of scrutiny on whether to take rates to negative. We will see if it does that later on. For now, keeping rates steady. Kathleen bring in hays. It does seem like rbnz did exactly what the markets expected. Absolutel...

As the japanese yen and gold. A chinese firm is poised to rescue British Steel for close to 90 Million Dollars which could safeguard up to 4,000 jobs in the uk. The company has been in liquidation since may and has been kept alive by the british government. Sam ryder has more. British steel has been feeling the heat for more than six months. Since going into liquidation its been propped up by the british government. Several deals have been on the table, but chinasjingye group is the front runner for the ta ke group is the front runner for the take over. The rescue deal is worth almost 90 milli...

After another whip solid day where the dow is flying high and then nose dives to close 19, look at this you blinked and you missed it or you blinked and you got crushed by it. Nasdaq got pummelled you need to get used to craziness. And believe me, i have been around forever, it is craziness. If you cant handle it, you have to take your bat and ball and go home people call the environment that we had for the last year the new normal but you know what, there was nothing normal about what we went through no, not today, i am talking about the last year. The kind of action we had until last week wh...

Surveillance is legal. Another judge said that it violates constitution. Targets pin inscription. Hackers stole names and numbers from 40 million debit and credit card users. Target said its confident that pins are secure. Police have released thousands of documents related to the mass shooting of sandy ham elementary in december of last year. 26 people were killed including 20 children. This is the culmination of the investigation. Im stephanie sy. Real money is coming up next. Addicted to deals, the hard look at retail sales and Consumer Spending when retails discounts go away. And a toy tha...

So far. And the weak economy, eurozones biggest bank post ago near 80 jump in nine months profit thanks to lower provisions. A bad call for erikson hitting Third Quarter profits. We speak to the ceo first here on cnbc on an extended edition of this show and that happens at 12 00 cet. Plus, manufacturing in china if a hitting a sevenmonth high. The country still on track for its slowest growth now seen in 23 years. He, everybody. Welcome. Yes, you are watching Worldwide Exchange here on cnbc. We have a lot to get through today. Theres a lot to talk about. First on the agenda, we have had the eu...