Click here to watch this morning's video. Bernard Hickey details the key news overnight in 90 seconds at 9am, including news that the British pound weakened again overnight on market concerns about Gordon Brown's plans to hock off 16 billion pounds worth of public assets in a hurry, the Times reported. It weakened against most currencies, including the NZ dollar. The NZ dollar has now strengthened from 38 pence in July to over 46.5 pence overnight. Meanwhile, Auckland Airport is planning a 5 year bond issue that will close in November, Reuters reported. Meanwhile, the Dutch Central Bank has seized DSB bank after there was a run on the bank, the WSJ.com reported. It had 8 billion euros worth of assets. Finally, back in New Zealand, PGG Wrightson Finance is refusing to disclose its exposure to Crafar Farms, The Press is reporting. It says Crafar's farms are in sought after areas and it's happy with its exposures.
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