23:15 A powerful 6.8 earthquake has rocked central Myanmar, only hours after the 6.2 earthquake that shook Italy.

21:55 The death toll in Italy following a 6.2 earthquake has risen to at least 37 according to Reuters.

21:12 Fire-staff are still fighting to extinguish a blaze that has claimed a life in Fielding.

17:24 Daybreak in Italy has revealed the extent of the devastation following a powerful earthquake in the central region of the country.

17:22 A man has been taken to Christchurch Hospital after being crushed by a digger at a worksite in Mt Pleasant shortly after three o'clock.

Fri, 20 Jul 2012

Convicted Capital and Merchant executives cynical

interest.co.nz boss Bernard Hickey tells RadioLIVE's Marcus Lush Directors of Capital and Merchant look set to be jailed after being convicted of charges relating to the collapse of the finance company owing 7,500 investors NZ$167 million. The SFO said Capital and Merchant was as bad as anything in the collapse of finance companies and involves directors making deeply cynical claims and opaque statements that allowed them to put money in places investors didn't expect.

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