16:39 Hastings District Council is bracing itself for another lashing tonight at a public meeting over the disastrous handling of the gastro outbreak.

16:13 The IMF Global Housing Watch ranks New Zealand as having the most unaffordable housing in the OECD.

16:06 Pakuranga MP and disgraced former minister Maurice Williamson has resigned from Parliament to take up the new Consular General role in LA.

15:43 Scottish star Andy Murray is through to the second round of the US tennis Open after an easy three set win over Czech Lukas Rosol.

15:41 11 people have been injured after a ferry on New York's Hudson River collided with a group of kayakers.

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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