US stocks fall after Powell’s hawkish comments
Fed chair says more aggressive action could be required if economy grows too quickly.
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Latest from Banking and finance
$900 mortgage hike: How much pain are we in for and when will rates come down?
New Zealand is in for a massive mortgage shock, and renters won't be immune.
China sets 5 per cent growth target to drive economic recovery
Financial Times: Xi Jinping seeks to restore pre-pandemic levels of growth.
Philip Morris’ CEO on quitting smoking and detoxifying the brand
Financial Times: Boss says tobacco group shifting from cigarettes to ‘healthy solutions’.
Reinvigorated scams set to target tax season
To everything, including scams, there is a season.
Beijing in crisis as China faces a child-free future
The Telegraph: A shrinking population could halt Beijing's ascendance.
Who to fire? How the biggest companies plan mass lay-offs
Financial Times: Employers need to avoid lasting damage to morale as they axe jobs.
How a robot could help you get a home loan
Microsoft boss says ChatGPT could be used to help bankers.
ChatGPT being used by cybercriminals to generate scams, Norton warns
The chatbot could be used to impersonate your bank.
ASB, Heartland, Watercare, staff claim $250,000-plus from insolvent baking business
Bakery said it had failed to recoup costs due to Covid-19 lockdowns.
Global economy: Will higher wages prolong inflation?
Financial Times: Why a wage-price spiral could cause a "serious problem".
Banks’ net interest margin hits 8-year high
Why one measure of bank profitability is up.
Curious case of the abruptly cancelled Auckland CBD mortgagee sale
Sale plans changed just a few hours before a looming 4pm deadline today. Money flowed.
London’s most expensive ever house sale lined up after Saudi loan expires
Financial Times: Mansion set in Regent’s Park expected to attract offers as high as $486m.
Business confidence on mend as inflation fears start to ease
The latest ANZ Business Outlook shows firms expect to raise their prices less this year.
Heartland Group looks to raise up to $125m
The company has made a half-year net profit of $48.7 million.
Mortgage shock: $900/fortnight rise for many Aucklanders
A big toll on many households’ disposable incomes.
European digital banking app Revolut to launch into NZ
It has 20,000 Kiwis already on its waiting list.
Emergency finance issue shows law not fit for purpose
The Credit Contracts and Consumer Finance Act is under fire again.
Opinion: Subscriptions won’t change social media’s dependence on advertising
Financial Times: Companies have yet to work out what they should charge users for.
Consultants start to cut jobs as boom time ends
Financial Times: McKinsey and KPMG first to move as clients reduce costs.
Hawke’s Bay winegrowers: ‘We’re down but not out’
Some in the industry say it will take years to recover from Cyclone Gabrielle.
TVNZ profit dives, CEO looks beyond abandoned merger
Amount spent on merger with RNZ revealed.
Home loan rates may have peaked, says Kiwibank boss
But bank still has 30 to 40 per cent of loan book to move on to higher rates.
Kiwibank half year profit rises 53pc to $98 million
But the second half is expected to be tougher.
Shareholder’s association joins anti-Pushpay deal fray
The Shareholder's Association will vote against the takeover offer.
Missing Chinese billionaire dealmaker Bao Fan casts chill across tech sector
Financial Times: Fate of Fan seen as test of Beijing’s stance after regulatory crackdown.
Beyond the balloon: The US-China spy game
Financial Times: Chinese state intelligence-gathering has grown in ambition and scale.
Robertson on Cyclone Gabrielle - further support 'in coming days'
The Finance Minister is speaking to the Auckland Business Chamber today.
ASB boss calls for more coordination over climate challenge
Recent storm events have shown how inaccurate flood modelling is.
It is possible to hate your job but love your work
Financial Times: The modern economy has generated vast numbers of pointless jobs,
House price drop coincides with crippling mortgage rates
Anne Gibson analyses latest house price data, mortgage rates and Fletcher downgrade.
House sales hit all-time low; Auckland prices plummet
Only 2759 NZ homes were sold last month and just 943 in Auckland.