05:25 Dozens of firefighters were needed to battle a large scrub fire on Christchurch's Port Hills early this morning.

05:23 Labour leader Andrew Little's Healthy Homes bill takes a major step to becoming law passing its first reading in Parliament, 61 votes to 60

23:43 A fire has been raging across a 1000sm area of the Port Hills in Christchurch tonight.

20:57 The death of Ian Walter White, 58, whose body was found yesterday at his Rotorua home, is being treated as suspicious by police.

16:11 The number of people looking for work is up despite thousands more jobs being created. Official figures put the unemployment rate at 5.7%.

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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