Iran could face economic collapse in months, US Treasury’s Bessent warns | Banks News
US Treasury Secretary Bessent weighs in on the United States’ economic pressure campaign at a meeting of G20…
Firms in Japan seek new hedges, bracing for long era of yen weakness
Taku Ueno buys beef from America, olive oil from Spain and tomatoes from Italy to stock his supermarkets…
Kiwibank makes eleventh hour push to buy TSB, as community efforts to stall the bank’s sale to Heartland fail in court
Today, Kiwi Group Capital chairman David McLean doubled down. “We have communicated our interest in TSB,” he told…
Labour’s pledge to reinstate the Reserve Bank’s dual mandate only risks worsening the cost of living – Jenée Tibshraeny
However, with the inflation rate spiking to 7.3% in 2022, remaining stubbornly high for the following two years,…
Labour promises surplus in 2029/30, will restore Reserve Bank dual mandate
Labour said it would also “aim” to reduce net debt down to 20% of GDP “over time”. It…
Trump admin taps JPMorgan alum Matt Zames to advise Social Security agency
Matt Zames, then-chief operating officer of JPMorgan Chase, center, in New York, Feb. 27, 2017. Kholood Eid |…
Kiwibank and TSB the latest banks to put up mortgage rates
Its six-month fixed special moves from 4.69% to 4.79%, while the standard rate also jumps 10bps to 5.59%.…
Prime Minister Christopher Luxon eyes fuel excise, accommodation levy and banks for possible tax change
“What we’re not doing is going off bananas on a wealth tax or capital gains tax, which will…
Visa to buy fraud-detection firm BioCatch for $2.4 billion
Nikolas Kokovlis | Nurphoto | Getty Images Visa on Monday said it is acquiring fraud detection startup BioCatch…
Why the Reserve Bank’s OCR hike looks justified as economy recovers
We’ve also seen oil prices jump in recent weeks as the Middle East conflict has reignited. Those are…
Leopold Aschenbrenner Situational Awareness fund: $45B to fire sale
Leopold Aschenbrenner Photo: Josh Edelson Two years ago, Leopold Aschenbrenner argued he was one of few people in…
US Fed holds interest rates steady, citing ‘elevated’ inflation | Inflation News
The United States Federal Reserve is set to hold interest rates steady as inflationary pressures mount, driven by…