11:24 Britain's vote to leave EU has triggered a sharp decline in global stocks, with the British pound closing at its lowest level in 31 years.

11:06 A 77yr old Hastings man in hospital after being bashed by two women who broke into his home then stole his car: 1996 Toyota Carib reg YH6964.

09:45 Kiwi tennis star Marina Erakovic has qualified for Wimbledon. She's been drawn to play Ecuador's Irina Falconi in the first round.

08:46 A new study has found driving while emotional is more likely to cause a crash than actually being distracted by using a mobile phone.

08:44 Wall Street has had its biggest fall in 10 months and British pound has slumped to a 31-year-low. Economists now predicting a UK recession post Brexit

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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