Two a penny

.The United Nations nuclear watchdog is reporting positive steps at the start of new talks about Iran’s nuclear program. .
The negotiations between Iran, Russia, France and the US build on progress already made at a meeting early this month to end the stand-off over Iran’s nuclear ambitions.
Western powers fear Iran is trying to develop a nuclear bomb, although Iran insists its nuclear program is entirely peaceful.
Iran had tentatively agreed to ship enriched uranium to France or Russia for processing as a way of increasing international scrutiny of its enrichment activities, although state television is now reporting that Iran will not deal directly with France because it had failed to deliver nuclear materials in the past.

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The meeting will continue today

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The New Zealand dollar climbed above US75c for the first time in 15 months, rocketing up more than 1c to close to US75.50c in the two hours to 5am.

By 8am the kiwi was buying US75.37c at 5pm yesterday.37c from US74. .

The NZ dollar also reached a 15-month high of 0.5043 euro from 0.

Against the Japanese currency the kiwi peaked at a one-year high 68.4997 at 5pm.35 yen by the local open from 67.48 yen, easing to 68.

The ANZ bank said risk appetites appeared unquenched as markets expected interest rates in the United States to remain lower into 2010.54 yesterday evening.

After taking a breather at the end of last week, US equities pushed higher to start the week, with analysts’ expectations of earnings continuing to be exceeded, giving investors confidence to push equities higher.

After taking a breather at the end of last week, US equities pushed higher to start the week, with analysts’ expectations of earnings continuing to be exceeded, giving investors confidence to push equities higher.

The NZ dollar managed to outperform the aussie, largely due to a function of less liquidity on the NZ dollar side, ANZ said.

The correlation with equities looked to be back, as gains in the Dow Jones industrial average translated into gains in the antipodean currencies.”

That was especially so as the Reserve Bank of Australia had already started hiking interest rates and there was increasing talk that the next move would be 50 basis points.

“This continues to be a source of much frustration as the NZD side should be underperforming based on relative fundamentals.22c by 8am from A80.

The kiwi was up to A81.34 from 66.96c at 5pm, while the trade weighted index lifted to 67.

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.French President Nicolas Sarkozy says the US warrant issued for Oscar-winning director Roman Polanski on a 32-year-old sex charge was “not a good administration of justice”. .
“But I add that it is not a good administration of justice to do this 32 years after the facts when the person concerned is today 76 years old.
The Polish-French national was arrested on September 26 in Zurich, where he had gone to collect an award at the Swiss city’s film festival.”
Polanksi has been regarded as a fugitive by US authorities since he fled the country in 1978 after admitting to having sex with a 13-year-old girl.
But Mr Sarkozy says his comments were a mistake.
French Culture Minister Frederic Mitterrand labelled Polanski’s arrest “absolutely horrifying”.
“Frederic Mitterrand has recognised that his declaration was an error and that he regretted it.
Mr Mitterrand’s remarks turned the spotlight on himself and his 2005 autobiographical novel. I couldn’t say it any better,” Mr Sarkozy said.
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He was forced to appear on national television last week to deny having ever engaged in paedophile acts

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One of the worst economic years in the New Zealand Government’s history will be confirmed tomorrow when the final government accounts for the June year are released.

At the beginning of the financial year Treasury was still predicting an operating surplus of $2.This was already down from the $7.56 billion for the fiscal year.In hindsight the signs of rot were starting to show last July with Treasury predicting that cash surpluses would be a thing of the past in the years ahead due to a slowing economy and cuts to income tax.39 billion predicted last December.Finance Minister Bill English said the Crown accounts would tell a story of deficits and losses on investments, “a picture we’re familiar with”.After that the world was hit first by a credit crisis which brought on a global recession, which came on top of the domestic recession already under way. .This would include a $10 billion to $12 billion reversal in the operating surplus to around a deficit of around $9 billion.While the Government’s main investment vehicles – the New Zealand Superannuation Fund, ACC and the Government Superannuation Fund – have all recorded improving fortunes recently, this is not expected to make much difference to the final books for 2008/2009 tomorrow.

.French authorities have rescued six people who survived in the Mediterranean Sea for more than five hours after their small plane crashed off the coast of Corsica, officials say.
The first two survivors were found thanks to a distress beacon and were plucked from the choppy sea by a helicopter.
They were treated for hypothermia at a beach before being taken to hospital, a medical source said. .
A third person was rescued later by an army helicopter.
The pilot, who is in his 50s, reported engine failure to air control and announced he would try to land in the sea one hour after take-off, officials said.
The plane was flying from Propriano in southern Corsica to the French Riviera city of Cannes when it crashed in the sea in the Gulf of Porto.
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French Minister of the Interior Brice Hortefeux heads to Poitiers on Monday following violent anti-prison demonstrations that erupted on Saturday near a street performance festival.

Hortefeux will meet with local shopkeepers whose properties were harmed in the incidents, which resulted in no injuries.

17 people were placed in custody in the wake of the violence, three of whom are accused of armed assault against policemen.

Several blogs report that the demonstration had been organised to protest the transfer of prisoners from the city old prison to a new one. According to the police, approximately 250 protestors — many of them masked and hooded — descended on the Poitiers town centre Saturday afternoon, breaking about 20 storefront windows and damaging bus stations and telephone booths.

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AFP – German auto parts maker Continental on Monday announced a breakdown in talks with the Dubai-based MAG group on the possible takeover by MAG of a tyre making plant in France.

The discussions ended by mutual agreement, with no common ground having been found, Continental said in a statement.

MAG vice president Fawaz Sabri said his group would continue to examine the matter.

The two parties had led intensive discussions but finally agreed that it was not possible to reach common ground for further talks. The German group offered MAG additional time when the MAG response was deemed incomplete on September 30.

Continental had given MAG until September 30 to reach agreement on a letter of intent regarding the factory, located in Clairoix, northern France.

Dubai – France – Germany

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AFP – Egypt announced on Wednesday that it has cut all cooperation with France’s Louvre Museum until it secures the return of stolen Pharaonic relics in the latest row involving the exhibits of a major European institution.

We made the decision to end any cooperation with the Louvre until they return the works, antiquities chief Zahi Hawass told AFP.

He alleged that the renowned Paris museum bought the antiquities in 1980 even though its curators knew they were stolen.

French sources said that the antiquities Egypt was demanding are decorative fragments from a tomb in the Valley of the Kings near Luxor.

The purchase of stolen steles is a sign that some museums are prepared to encourage the destruction and theft of Egyptian antiquities, he said.

Mitterrand said he has convened a meeting for Friday of a special commission that is empowered to rule on restitution, according to a culture ministry statement on Wednesday.

French Culture Minister Frederic Mitterrand pledged that France is ready to return the relics to Egypt if the Pharaonic antiquities at the Louvre Museum are indeed stolen.

The minister is ready, if the commission were to issue a favourable ruling, to implement provisions of the UNESCO convention and restitute the relics to the Egyptian authorities without delay, the statement said.

In order to return the works, we would need the agreement of the National Scientific Commission for the Museum Collections of France, he told on condition of anonymity.

A member of the Louvre’s executive said it is open to the idea of returning the works, which are on display in its galleries, but that the decision is not the museum’s alone.

Hawass said it had been taken two months ago, implying that it had nothing to do with Egyptian unhappiness over the defeat of Culture Minister Faruq Hosni in the race to become the new director of the UN Educational, Scientific and Cultural Organisation (UNESCO) the previous month.

Egypt’s decision to suspend cooperation will affect conferences organised with the museum, as well as work carried out by the Louvre on the Pharaonic necropolis of Saqqara, south of the capital Cairo.

A number of the world’s most famous museums have collections of Egyptian antiquities, many of them acquired during British colonial rule.

A French source said the atmosphere created by Hosni’s defeat doesn’t help, but insisted that there is no real obstacle and a solution should be found soon.

But in recent years the Egyptian authorities have been increasingly vociferous in campaigning for the return of important works.

But in recent years the Egyptian authorities have been increasingly vociferous in campaigning for the return of important works.

Egypt has also long demanded the return from Berlin of a bust of the legendary Queen Nefertiti that was discovered on the banks of the Nile by German archaeologist Ludwig Borchardt in December 1912. .

archaeology – Egypt – France – Frédéric Mitterrand – Louvre
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The case mirrors that of the so-called Elgin Marbles, the decorative frieze that used to adorn the Parthenon in Athens whose return by the British Museum in London Greece has long demanded

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AFP – French Culture Minister Frederic Mitterrand was in the spotlight Saturday for standing as character reference for two rapists after a row over his admission of paying boys for sex.

Mitterrand, an urbane television personality and a nephew of former Socialist president Francois Mitterrand adopted a pugnacious tone and threatened legal action over what he said was a new orchestrated campaign of insensitive calumny.

The latest scandal emerged just after Mitterrand managed to retain his job following a fresh furore over his 2005 autobiographical novel La Mauvaise Vie (The Bad Life) in which the hero describes paying Asian boys for sex.

The minister will launch legal action against those who are complicit in the latest ignominy he has suffered, a statement read out at a news conference in the southwestern town of Bordeaux quoted Mitterrand as saying.

I absolutely condemn sexual tourism (and) I condemn paedophilia in which I have never in any way participated, and all the people who accuse me of that type of thing should be ashamed, the 62 year old told TF1 television.

Mitterrand had angrily denied having ever engaged in paedophile acts or condoning sex tourism.

The minister on Saturday said he was godfather to one of the youths, whose mother is a former make-up artist, and underlined that his letter attesting to their good moral character was a gesture of compassion and generosity to a modest family in great distress.

The latest controversy emerged after a French newspaper said Mitterrand had testified to the good character of two youths in the French overseas territory of La Reunion charged with the gang rape of a 16-year-old girl.

Is it not a shame that this letter has found its way in all the Internet networks? he said, calling it an ignominy, a shame, and manipulation.

He underlined that he had met one of the youths three times in (my) life.

The three youths were charged with rape and sentenced to between eight and 15 years in prison.

Le Quotidien de la Reunion newspaper on Friday published a letter that Mitterrand, who was then director of the Villa Medici, the French Academy in Rome, had written to the court.

The controversy over Mitterrand’s book erupted this week after his staunch defence of fugitive film-maker Roman Polanski, arrested in Switzerland on a US warrant on child sex charges. .

Frédéric Mitterrand – French politics – homosexuality – paedophilia – scandal

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An actor has blamed his battle with depression for an incident in which he ended up being shot by police after allegedly ringing to notify them of an armed, agitated man and then dressed up as the man.

Rob Mokaraka, 36, denied reports that the incident in Auckland in July resulted from a custody battle over his child or a perceived lack of work as an actor.

“My depression takes me to dark places,” he told the Herald on Sunday.”

Mokaraka, who is on bail and recuperating in Northland after leaving hospital about two weeks ago, is due back in court on Wednesday.

“I agree depression should be talked about to give others an understanding.

Mokaraka was charged after police said he rang 111 to notify them of an armed, agitated man in the Pt Chevalier area, and then dressed up as the man. .

When police arrived at the scene, he allegedly advanced on them carrying a meat cleaver and two knives, before he was shot once in the chest.

“I am not saying it has stopped, but it’s an ongoing process.

Mokaraka said he was dealing quickly with the emotional scars, “quicker than the physical wounds”.

“There is so much love coming from all over the place,” he said.”

He said he had had plenty of support from family and friends since the incident.”

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“I cannot help but be buoyed by that