Bernard Hickey details the key news overnight in 90 seconds at 9am, including news the Accident and Compensation Commission (ACC) has sacked its Property Manager Malcolm Mason and referred his dealings to the Serious Fraud Office after it uncovered irregularities around payments for rents, the Dominion Post's Vernon Small reported. The investigations were launched after the ACC moved into a new office in Nelson and were paying rents that were double the going rate for other properties in Nelson. The developer for the project can't recall who he sold it to, the NZHerald's Adam Bennett reported. Meanwhile, Goldman Sachs, which faces allegations of fraud, has reported its first quarter profit rose 91% to US$3.5 billion and its compensation for employees in the form of bonuses and salaries rose 44% to US$5.5 billion. Meanwhile, there's news that UK airports are due to open from 10 tonight UK time as the ash clears from the Icelandic volcano. Back across the Atlantic, the Bank of Canada has signalled it will raise interest rates shortly. This would be the first G7 country to raise interest rates and is one our RBNZ will watch closely.
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