22:56 A Swedish court has upheld the arrest warrant for WikiLeaks founder Julian Assange.

21:35 The family of a young woman missing since Monday in Wellington have concerns for her safety. 20 year old Caitlyn Bird was last seen in Glover Park.

21:34 MILFORD ROAD Snow showers are possible tonight and early Thursday morning.

20:24 Two new Treaty of Waitangi settlement Bills have passed their first reading in Parliament.

20:24 Police are investigating an aggravated burglary in Hamilton that left several people in hospital.

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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