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Lou Sanson, the head of Antarctica New Zealand has been appointed as the new Chief Executive Officer of the Department of Conservation (DOC).

State Services Commissioner Iain Rennie announced the appointment of Sanson. He said that Sanson will serve as the head for a three year term and will be in charge of rolling out changes at DOC following its restructuring. He will head the department of about 1700 staff located in 99 separate locations around New Zealand.

According to the latest figures released, the total unemployment rate in New Zealand has increased to 6.4 per cent during the second quarter of the year till June.

The unemployment rate of 6.4 per cent is moderately higher than the 6.3 per cent expected by economists in the country. The country recorded unemployment rate of 6.2 per cent, which is its lowest level in three years. The data showed that 5,000 more people were looking for work and the participation rate increased 0.1 percentage point to 68 per cent.

James McMurdo, is set to become the head of Deutsche Bank's Australian operation from the coming year as the activity is expected revive.

McMurdo, who has been working as Senior Goldman Sachs executive will take charge of the Deutsche Bank's Australian operation and head the bank's franchise in the country. The move comes as the Deutsche Bank is looking to move to a conservative global presence as it aims to contain the size of its balance sheet.

New Delhi, Aug 7 : Urging opposition parties to rise above politics, Information and Broadcasting Minister Manish Tewari Wednesday asked them not to create a rift between Defence Minister A. K. Antony and the defence ministry over the killing of Indian soldiers by Pakistani intruders.

Five Indian soldiers were ambushed and killed in Jammu and Kashmir's Poonch sector early Tuesday.

"It is unfortunate that a difference is being created between the defence minister and the defence ministry. I think the defence minister only tried to present the entire picture based upon inputs which he must have gathered," Tewari said.

Seoul, Aug 7 : South Korea's money supply grew at a faster pace as fiscal expenditure rose following the extra budget plan implemented, central bank data showed Wednesday.

The country's broad money (M2), rose 0.6 percent from a month earlier to a seasonally-adjusted $1.69 billion in June after gaining 0.1 percent in the prior month, reported Xinhua citing Bank of Korea.

The faster growth came after the government began conducting its supplementary budget worth $15 billion.

The Congress-led UPA government is preparing to announce some new measures to arrest the country's widening Current Account Deficit (CAD), according to Finance Ministry sources.

The sources said that the government could announce 5-6 measures to arrest CAD. It may ask Public Sector Units (PSUs) like IIFCL and IRFC to float quasi sovereign bonds worth more than $500 billion.

Another measure, which is currently under consideration, is increasing import duty on non-essential goods. This measure is expected to reduce imports by as much as $2 billion.