Morning report. 1998-02-03

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0616 NEWS STORY: ASIAN CRISIS - share markets bounce back sharply. Rally seen as sign of growing optimism that some countries in South East Asia are starting to recover from crisis. Comment from Prof Wolfgang Kaspar, NSW Univ. (Bronwen Evans)
0626 SPORTS STORY: EUROPEAN SPORT - live i/v with correspondent Ian Borthwick. (rugby championship)
0636 NEWS STORY: RUGBY WORLD CUP - NZRFU puts provincial unions on notice to bring facilities up illegible scratch. (Gael Woods) illegible INTERNATIONAL PAPERS
0651 BUSINESS AND FINANCIAL NEWS: ASIAN CRISIS - many Asian markets open after Chinese New year with a roar as shares and currencies jumped on good volumes. Much of fresh money comes from overseas, including European fund managers and US portfolio investors, prompting talk of renewed international confidence in region. (RTR) INDONESIA - NZ INVESTOR joins local companies in seeking relief from international bankers. Max Resources owns half share in organic fertiliser factory largely funded by $US3.7 million loan. Max Resources director Owen McShane says news not all bad in Indonesia. (Rodney Joyce) FINANCE/MARKETS RURAL PROPERTY TRUST - 2 sides fighting for control gathering proxies for next week's special meeting. Trust ownershp spread over 5,500 mainly small investors mostly represented by financial advisors. Rebel action group wants to wind up trust and says it's been blocked from accessing list of unit holders. Group leader Alex Patterson explains why it wants trust wound up; chief exec of management company, Tim Prior, says trust was never designed to be high income earner. (Rodney Joyce) BUSINESS BRIEFS
0700 INTRO/NEWS ASIAN CRISIS - key regional sharemarkets such as Hong Kong, Singapore and Philippines rise by 10% or more while Asian currencies soar. Is this rally the turninp point? Comment from Hong Kong broker Steve Cheng, NSW Univ Economics professor Wolfgang Kasper and NZ's in South Korea, Jeff Shepherd. (Bronwen Evans) WALL ST - Hong Kong's Hang Seng Index surges more than 14%. Live i/v with correspondent Patrick O'Connell re effect on American stock market. DROUGHT- govt announces $83,000 relief package for Marlborough, with money going towards local co-ordination of relief effort and technical advice for farmers. There will be Rural Assistance Grants through DSW and Army will transport watr and feed supplies. Agriculture minister Lockwood Smith defends amount to be spent; live i/v with Graham Hewitt, Fed Farmers; drought co-ordination committee in Marlborough, and Liz Davidson, mayor of Marlborough District Council. SMITHER CASE - Healthcare Otago to release today report into mental health care given to Gareth Smither who murdered his former girlfriend 48 hours after being released from psychiatric care. CHE previously refused to give report to Gareth's father Laurie Smither on privacy grounds. Comment from Mr Smither; live i/v with Susan Law, Healthcare Otago's general manager of mental health services. NZ PAPERS
0730 NEWS/WEATHER/SPORTS FINANCE UPDATE RUGBY WORLD CUP/AMERICAS CUP tipped to generate close to $200 million for local economy. Live i/v with NZRFU chief exec David Moffit and John Heise, commodore of Royal NZ Yacht Sqdn. IRAQ - CRISIS - international missile and chemical weapons experts begin crucial series of talks with Iraqi officials, will assess progress in dismantling prohibited warheads and chemical weapons programmes. UNSCOM deputy exec head Charles Delfer says Iraq will have to hand over new documentary evidence if there's to be any kind of breakthrough - i/ved. (Mng Rpt) ASTHMA - WN Medical School researchers find synthetic pillows attract and hold up to 6 times as many asthma-causing dust mites and other allergens as feather pillows. (Rae Lamb) US - TUCKER CASE - confessed murderer Karla Faye Tucker loses appeal for clemency and will be executed for pickaxe killings of 2 people in 1983. Live i/v with correspondent Randy Coffey.
0800 NEWS/WEATHER ASIAN CRISIS - rally around region sees strong gains for Singapore and Indonesia while Asian currencies also surge. Will it be shortlived? Live i/v with Ord Minnet stockbroker Ian Waddell. DROUGHT - predictions other parts of country, as well as Marlborough, will need help soon unless weather patterns change. Agricultural consultant Ian Blair believes parts of Canty showing signs - i/ved live. INTERNATIONAL PAPERS SMITHER CASE - Healthcare Otago to release report on mental health care of Gareth Smither to his father Laurie, says it now has Gareth's written permission to release it. Mental health manager Susan Law says report attaches no blame to CHE's actions; live i/v with Laurie Smither. ANIMAL MIGRATION - AK Univ scientists thinks they've discovered how migrating animals navigate over vast distances without getting lost, find tiny crystals in noses of rainbow trout that act like compass needles. Live i/v with Dr Michael Walker, AK Univ school of biological sciences. FITNESS - evidence of failed New Year fitness resolutions piling up at cash converters stores across the country. But why do resolutions fail? Comment from personal trainer Heather Barry, Michael Clarke of WN's Freyberg pool, and AK Univ sports psychologist Dr Harry Prapavessis. (Caitlin Cherry)
0830 NEWS/SPORTS BALLOON FLIGHT - 3 Europeans hoping to become first balloonists to fly round world nonstop anxiously awaiting outcome of appeals to China for permission to cross territory. Live i/v with Alan Noble, Geneva mission control. AUSTRALIA - REPUBLIC - PM John Howard says Australia could be republic by 2001 if Australians vote to cut ties with Britain. Live i/v with Michelle Grattan, "Australians Financial Review" at constitutional conference. EDUCATION - FAILURE - combatting growing failure rate in schools focus of international conference of education experts in CH. "Innovations for Effective Schools" theme of joint OECD/NZ conference. (Lauren McKenzie) SECONDARY SCHOOL year starts, but some will be without activities such as sports events and ballroom dancing because of teachers' industrial action. (Mary-Jane Aggett) VIRTUAL MEDICINE - Yale Univ School of Medicine professor of surgery, Richard Satava, predicts virtual reality operations, robots stitching up patients and surgery by remote control. Dr Satava keynote speaker at orthopaedics conference in AK. He's i/ved. (Mng Rpt) GREECE - STRIKES by angry civil servants and farmers over govt's economic reform programme. I/v with correspondent Louis Economopoulos, who's also on strike. (Mng Rpt)

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Year 1998

Reference number 59297

Media type AUDIO

Collection Sound Collection

Credits RNZ Collection

Duration 01:59:50

Date 03 Feb 1998

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