Australia/New Zealand Weathering Crisis

Wayne Swan,the Australian Treasurer,has been attending the international meetings in Washington.He reports a mood of sober realism as the Euro debt crisis was discussed.The global economy is in a dangerous phase.Australia's fundamentals are rock-solid,however,Mr.Swan pointed out.
Hong Kong's Swire Properties,Ltd.,a division of Swire Group,is looking towards an eventual initial public offering.There's a long way to go before we can say we have a listing,according to CEO Martin Cubbon.In the medium term,there's no fund-raising needed.There is a great deal of uncertainty around the world.Swire develops and manages commercial,retail and residential real estate.
The New Zealand trade deficit was 641 million dollars in August.The New Zealand dollar held to declines because of this.Nonetheless,the Treasury and Reserve Bank remain optimistic about the economy.
It was 66F in Sydney on Monday under partly cloudy skies.The wind was Southeast at 18 mph,and the humidity was 52%.