16:53 Immigration NZ's office in Mumbai is dealing with hundreds of fraud cases, with agents there using forged documents to get students here.

16:39 The Overseas Investment Office admits it knew about the criminal past of two Argentinian brothers who bought Taranaki's Onetai station.

15:10 Kiwi Regional Airlines has grounded its expansion plans. It will no longer add flights, including Christchurch connections, this month.

15:08 The Fire Service is confident a diesel spill in the Auckland suburb of Devonport will not get into the waterways.

15:07 Australia's Immigration Minister Peter Dutton is accusing refugee advocates of encouraging asylum seekers to harm themselves.

Mon, 16 Jul 2012

JP Morgans 'whale' trade may now cost it US$7.5 billion

interst.co.nz boss Bernard Hickey tells RadioLIVE's Marcus Lush JP Morgans 'whale' trade may now cost it US$7.5 billion, not the US$2 billion initially estimated. Now American states are looking at a class action lawsuit against the banks that Fixed LIBOR. Also Moody's has cut Italy's rating to two notches above junk and NZ may have hit peak power, which is something buyers of SOEs should think about.

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