New Zealand 4Q Current Account (QoQ) increase to $-3.26B vs $-4.42B

Reports are emerging that Cyprus finance minister has scheduled a visit with his Russia counter-part in Moscow in order to discuss an existing 2.5 billion euros loan that Moscow approved to Nicosia back in 2011 at a rate of 4.5%. The main aim is to figure out a way to either lower that rate or extend the loan's expiration date until 2020 from 2016.