Patrick O'meara

In currency markets, the New Zealand dollar is at 63.10 US cents, 88.95 Australian, 40.89 pence, point-5564 euro, 76.07 yen, 4.02 renminbi and the TWI stands at 68.46. Audio

Financial markets and investors face a testing week this week with June quarter current account and economic growth figures due, and the United States Federal Reserve's two-day policy meeting. Audio

A brief update of movements in the financial sector. Audio

Stock markets outside the United States fell on economic worries about China and Japan and its effect on global growth, though Wall Street has risen, due in part to a rebound in oil prices. Audio

Banks are resigned to losing up to two-thirds of their investment in Solid Energy. Audio

One-off costs from its failed Bledisloe Wharf extension plans has hit Ports of Auckland's annual profit. Audio

The health insurer, Southern Health has made an annual profit of $5.8 million in the year to June. Audio

The Real Estate Institute says first time home buyers and investors are still the main drivers of the property market. Audio

Some analysts remained convinced of another cut in October, others are picking March next year. Audio

The hit to incomes from lower dairy prices and the flow on effect into weaker spending and investment has the Reserve Bank considering one more cut to the official cash rate. Audio

Radio New Zealand's economics correspondent Patrick O'Meara with the latest from Graeme Wheeler's announcement at the Reserve Bank. Audio

The Reserve Bank is expected to cut the benchmark interest rate for the third successive time later this morning. Audio

Some energy retailers are cautious about offering other services such as broadband, as they battle to hold onto customers and lift their market share. Audio

The World Bank has urged the US Federal Reserve to hold-off on raising interest rates until the global economy is more stable. Audio

A wine lobby group says China has the potential to be New Zealand's largest full bodied red wine market, and they're prepared to pay handsomely for it. Audio

The Treasury has warned dairy prices may not rebound by as much as first thought. Audio

Briscoe Group is standing firm on its takeover bid for Kathmandu Holdings. Audio

A brief update of movements in the financial sector. Audio

On Wall Street, stocks have fallen after weekend comments from Federal Reserve vice chairman Stanley Fischer appeared to keep the door open for a rate hike in September. Audio

Foley Family Wines has reported a sharp drop in profit, falling 71 percent to 1 point 2 million dollars in the year to June compared with the previous year, due to valuation changes. Audio