Morning Report

Wall Street has gone the other way today - down about 1 percent - after the Saudi Oil Minister restated that country's rationale for maintaining output, despite a global glut. Audio

Staying in Australia, the country's powerful property industry is up in arms over proposals from the two major political parties to wind back tax concessions that have supported investment speculation… Read more Audio

The campervan rental company, Tourism Holdings, is on the look out for new businesses as it forges ahead to a record full-year profit on the back of booming tourist numbers. Audio

The power company, Mighty River Power, is confident it can find growth even though its revised down its full-year profit forecast in the face of an intensely competitive marketplace. Audio

Vandals have struck a blow to retain the current New Zealand flag by ripping down the alternative design from flying above the Te Puke Memorial Hall. Audio

Thousands of teenagers have once again missed out on getting University Entrance. Audio

Fiji is beginning the massive job of cleaning up after cyclone Winston. Audio

News from the rural and farming sector. Audio

A warning that tough competition in the power sector is taking its commercial toll. Audio

Queenstown is having to turn away tourists at peak times, and is losing conference business because it is short of hotels and still does not have a convention centre. Audio

Exporters and shipping companies are making a last ditch stand against a Government crackdown on shipping laws which they say will be counter-productive for the economy. Audio

US President Barack Obama has confirmed a long anticipated plan to shut down the controversial Guantanamo Bay detention facility for terror suspects. Audio