Retail spending pumped the brakes in August
A resurgence in higher fuel prices contributed to retail spending falling by more than $200 million in August.…
‘Back on track’: Why this economist believes NZ is bouncing back
Sharon Zollner, Chief Economist at ANZ, & Garth Bray, Business journalist and host of Herald NOW Business at…
UK pay growth slows to 3.9% before crunch interest rates decision | Economics
Wage growth in the UK has slowed as workers come under pressure from a renewed cost of living…
Interest rates: Banks pass on more OCR increase to borrowers than savers, FMA data show
The Co-operative Bank passed on slightly more. Banks had also increased their fixed home loan rates. On-call savings…
Retail spending falls 0.9% in August as rising fuel prices bite households
Apparel spending followed suit, down $6.9m (2%), with motor vehicles (excluding fuel) down 0.3% ($0.6m). The only category…
Southeast Asia’s 3rd-largest economy sees 2026 growth forecast raised to 2.5%
Thailand’s economy is now projected to grow 2.5% this year, up from an earlier forecast of 2%, supported…
China’s August retail sales miss forecast as investment slump deepens
Pedestrians pass an Apple Inc. store in the Wangfujing shopping area in Beijing, China, on Friday, Feb. 10,…
Banks pass on more OCR increase to borrowers than savers, FMA data shows
New data from the Financial Markets Authority (FMA) shows that home loan borrowers on variable interest rates have…
Consumers to continue powering 2H26 demand
PETALING JAYA: Distributive trade sales, a measure of activity across the retail, wholesale and motor vehicle businesses, are…
China’s inbound tourism revenue projected to reach US$470 billion by 2040: UBS
Revenue from inbound travel to China is forecast to reach US$470 billion by 2040, more than doubling its…
Can the newest sovereign wealth fund avoid others’ mistakes?
This interview has been edited for clarity and brevity. Liz Hoffman: The power dynamic between sovereign wealth funds…
There are three main reasons inflation is rising. Higher rates won’t fix them
Bloodletting is an ancient therapy, dating back at least three millennia, and traditionally used to “cure” a range…