22:50 Parker's recorded his 15th professional win ... knocking out Aussie Bowie Tupou early in the first round of their bout in Invercargill.

22:08 The Brown Butterbean is knocked within 30" by a local challenger ahead of Joseph Parker fight.

20:12 A fortnight ago Blue Mountains residents in New South Wales were building snowmen, now homes are under threat from out of control bushfire.

17:43 Trade representatives believe a deal on the Trans Pacific Partnership is still within reach despite failing to secure an agreement during talks today

17:40 An official NZ First youth wing is a step closer to becoming reality after the idea passed a vote at the party's annual conference in Rotorua

Mon, 06 Aug 2012

New Zealand dollar climb headlines business news

interest.co.nz boss Bernard Hickey talks business with RadioLIVE's Marcus Lush about the latest business news including the New Zealand dollar is almost at 82 us cents this morning, back where it was at the beginning of May. Back then commodity prices were 10% higher, so this is out of line with fundamentals. Last week Morgan Stanley and Citigroup issued NZ$1.25 billion of New Zealand dollar bonds, increasing demand for the currency. And Reverse equity mortgage lender Sentinel has suspended new loans after struggling to find fresh funds. It was the last to stop this controversial form of lending, which some see as one way for asset rich elderly home owners to boost their retirement incomes without having to sell their homes. Sam Morgan said in a tweet that information and communications minister Amy Adams is out of her depth after the pacific fibre cable failed and she said this wasnt a problem.

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