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…
Cash at Chinese banks swells to record high as borrowing slows
China debt crunch Lenders are carrying $9.4tn more in deposits than they have out in loans A shopping…
Somalia to expand instant payment system linking banks and mobile money platform
Monday July 27, 2026 Mogadishu (HOL) — The Central Bank of Somalia has announced plans to expand the…
Moody’s: AI spending threatens credit quality of Amazon, Meta, Alphabet
Sundar Pichai, CEO of Alphabet, Satya Nadella, CEO of Microsoft, Andy Jassy, CEO of Amazon and Mark Zuckerberg,…
Listen to The Country: Rabobank’s Emma Higgins on NZ’s dairy export strength
Andrew Murray Fonterra’s chief financial officer comments on last night’s positive GDT Auction (up 1.5%, whole milk powder…
JPMorgan among banks to help finance Japan’s $550 billion U.S. investment plan: sources
JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan’s $550 billion U.S.…
The traditional bank account is facing an existential threat from digital wallets
Jan said many Binance employees, including himself, already keep most of their assets on the exchange. “I could…
The AI rotation stole the spotlight from a strong start to earnings season
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings…
BOJ likely to raise growth forecast and stand pat, sources say
The Bank of Japan is likely to consider raising its economic growth forecast at its July meeting while…
New Zealand violinist Jenny Banks remembered after death from dementia, aged 42
When Jenny was 4, she began learning Suzuki method violin with the late Rosanne Forde, who had just…
Goldman Sachs and JPMorgan Chase are emerging as AI winners
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon and Goldman Sachs Chairman and CEO David Solomon.…
Reserve Bank’s Paul Conway: Higher inflation expectations could make price pressures stick
“If people place greater weight on elevated inflation in their decisions, the risk of a temporary cost shock…