Global oil market takes fresh hit as UAE exits OPEC, raising pressure on African producers
Abu Dhabi said on April 28, 2026, it would leave OPEC effective May 1, citing the need…
UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns | Economics
Britain is facing a £35bn economic hit and the risk of a recession this year as the fallout…
A reset for the housing market?
By Michael Rehm* In New Zealand’s long and storied romance with the property market, the “mum and dad” investor…
ASB hikes mortgage rates by up to 20 basis points
The largest increase is to ASB’s five-year mortgage rate, which jumps 20bps to 5.89%. Adam Boyd, ASB’s executive…
Plastic packaging price pain could push up costs for shoppers on everything from milk to make-up
Plastic could become the next inflationary pressure on Australian hip pockets, as companies that make everything from milk…
Nigeria’s oil output hits 5-year high as production reaches 1.71 million bpd
The state-owned oil firm said the increase reflects improvements in upstream operations and a series of ongoing…
US Fed expected to keep rates steady as Iran war effects ripple
Kevin Warsh, nominee for US Federal Reserve Chair, saw a key hurdle to his confirmation lifted over the…
United Arab Emirates pulls out of OPEC oil cartels citing ‘national interests’
Tankers at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of…
Qatar Halt, US at Full Capacity, Europe and Asia Face Soaring Gas Prices
Since the Iran war began in late February, LNG prices in Europe and Asia have surged to as…
Why Moody’s has raised China’s credit outlook amid Iran war shocks
A leading ratings agency that previously expressed concerns about China’s local debt woes has cast a vote of…
Brazil Inflation Undershoots Forecasts in Early April
Brazil’s inflation picked up less than expected in early April, keeping central bankers on track to deliver another…
Inflation could get in the way of Warsh’s desire to cut interest rates, CNBC survey finds
Efforts by Fed chair nominee Kevin Warsh to satisfy President Donald Trump‘s demands for lower interest rates look…