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Shock therapy must if RBNZ wants inflation to fly

  Bloomberg New Zealand central banker Graeme Wheeler is going to need more than a plain-vanilla rate cut if he wants a weaker local currency. Investors are certain the Reserve Bank will reduce its official cash rate Thursday by at least a quarter point to 2 percent, a record low, and most expect it will deliver another cut to 1.75 ...

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Delta CEO apologizes for glitch as flight cancellations rise

  Bloomberg Delta Air Lines Inc. Chief Executive Officer Ed Bastian apologized for a computer failure that halted flights for several hours and grounded thousands of passengers as the second-biggest U.S. carrier struggled to restart its worldwide operations. More than 100 flights are expected to be canceled Tuesday morning, about 200 could be delayed and those numbers could grow overnight, ...

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MH370 plunged into ocean at high speed, says report

  Sydney/ AFP MH370 plunged into the ocean at high speed — up to 20,000 feet a minute — reinforcing analysis that the missing Malaysia Airlines jet crashed in the current search zone, a report said Tuesday. he Boeing 777 disappeared on March 8, 2014 en route from Kuala Lumpur to Beijing with 239 people onboard. An extensive underwater hunt ...

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