Morning Report for Tuesday 15 July 2014

12:20 PM.The China Construction Bank has gained a banking licence to operate a branch in New Zealand. Audio

12:18 PM.Paymark is attributing a marked slowing in the growth of consumer spending with electronic cards in June, to the mild start to winter. Audio

12:17 PM.The Germany-based dairy cooperative, Molkerei Ammerland has joined Fonterra's Global Dairy Trade, the eighth seller to join the New Zealand-based auction platform. Audio

8:57 AM.More now on that report we just heard in Te Manu Korihi news, performing arts students at Manukau Institute of Technology take to the stage of an inner city Auckland theatre for the first time… Read more Audio

8:52 AM.Triumphant salvage teams in Italy have refloated the wreck of the cruise ship, Costa Concordia, off the island of Giglio where it struck rocks in 2012 with the loss of 32 lives. Audio

8:49 AM.An education expert from Chile says charter schools will not set Maori up to succeed. A coalition wants to build a Manuka honey industry driven by Maori with the aim of increasing employment for rural… Read more Audio

8:43 AM.A religious studies expert says the Vatican's back-tracking about the Pope's comments on paedophile priests is undoubtedly damage control. Audio

8:39 AM.Germany broke the heart of a nation yesterday, leaving millions of disconsolate Argentines to contemplate a defeat that deprived the South American country of its first World Cup win in almost three… Read more Audio

8:35 AM.The members of a climate change campaign are going to the High Court after the Electoral Commission said their website was an election advertisement. Audio

8:29 AM.A brief update of movements in the financial sector. Audio

8:27 AM.Labour says the latest real estate statistics underline that the Government has failed to quell the booming housing market in Auckland. Audio

8:23 AM.Consumer price watch-dogs say it is 'mean and greedy' of a major power company not to consider price reductions, when electricity demand fell because of record warm temperatures. Audio

8:19 AM.Avocado growers in Northland are still counting the cost of the storm that ripped through the region last week. Audio

8:15 AM.The New Zealand Catholic Church says it's confident it's adequately tackling problems of sexual abuse in the country. Audio

8:10 AM.The police say manipulated crime figures were simply a misunderstanding and the officers involved have been made accountable for their actions. Audio

8:06 AM.An update from the team at RNZ Sport. Audio

7:55 AM.The only disciplinary hearing to be held against anyone involved in the design and build of the CTV building in Christchurch, is likely to end with no more than a few words of condemnation. Audio

7:53 AM.The police in Opotiki are asking people to remain calm and co-operate with the investigation into the death of a 21-year-old man in the town on Sunday night. Audio

7:46 AM.Brazil's World Cup was the biggest social media event on record -- involving 350 million Facebook users worldwide. Audio

7:40 AM.A group of climate change campaigners are going to the High Court after their website was ruled an election advertisement. Audio

7:30 AM.State Highway One south of Kawakawa has been closed since the storm, after part of the road washed away. Audio

7:27 AM.The country is on track for a 100-million dollar bill this year from damage caused by severe weather. This comes as Northland cleans up after the country's fifth big storm this year - which caused… Read more Audio

7:15 AM.The Internet Party leader says newly released declassified emails about the Kim Dotcom residency process show inappropriate political pressure hastened his residency application. Audio

7:13 AM.Counties Manukau district commander Superintendent John Tims says the error was due to a misunderstanding and they are taking the matter very seriously. Audio

7:10 AM.Community leaders in south Auckland are brushing off revelations that police officers reclassified hundreds of burglaries as lesser crimes. Audio

7:06 AM.An update from the team at RNZ Sport. Audio

6:59 AM.The latest flurry of merger activity and reported earnings from Citigroup have put the S&P 500 on track to rebound from its worst weekly decline since April. Audio

6:59 AM.Citi Group has revealed that it will pay 7 billion US dollars to settle a government investigation into risky sub-prime mortages. Audio

6:56 AM.An analyst says the strong demand for initial public offerings of shares to list on the NZX reflects confidence in the market and the strength of the New Zealand economy. Audio

6:54 AM.The managing director of Ebos, Mark Waller, has warned that a fixation on corporate governance will hold back firms from growing. Audio

6:51 AM.The pace of growth in the service sector has slowed over the past two months, but optimism remains high. Audio

6:48 AM.Surprisingly weak housing market figures have raised the question of whether the Reserve Bank has applied the brakes too hard. Audio

6:45 AM.A group of environmental organisations are taking the Electoral Commission to court over a decision that would require their "Vote for the Climate" initiative to be subject to electoral rules. Audio

6:41 AM.The country is on track for a 100-million dollar bill this year from damage caused by severe weather. Audio

6:39 AM.Police say the reclassification of 700 Auckland burglaries as lesser charges was due to a misunderstanding. Audio

6:27 AM.An education expert from Chile says charter schools disadvantage Maori and do not provide them with a good education. A coalition is developing a Maori driven Manuka honey industry so it can increase… Read more Audio

6:23 AM.News from the rural and farming sector. Audio

6:17 AM.The latest from the Pacific region. Audio

6:06 AM.An update from the team at RNZ Sport. Audio

6:00 AM.Reclassification of burglaries down to misunderstanding, Extreme weather pushes up insurance claims, Climate Voter group to take Electoral Commission to court, South Auckland leaders brush off crime… Read more Audio