What Big Oil’s bumper profits mean for the energy transition
Financial Times: Few expected the supermajors to help drive decarbonisation.
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Latest from Banking and finance
Receiver of Moola’s parent company expects sale of assets this month
If there isn't enough money to cover debt legal action may be considered.
Civil earthworks company that took Covid wage subsidy in liquidation, ASB owed $5.4m
Even the Government money wasn’t enough to keep it going so the owner called it quits.
Crypto is back with $475 billion frenzy
Financial Times: Bitcoin puts post-FTX collapse behind it with 40% rise so far in 2023.
Opinion: The paradox of financial conditions
Financial Times: A gap has emerged between the US central bank and its peers.
The Ex-Files: What happens to the home deposit, engagement ring if we split?
It's not a romantic topic, but if you're going to talk prenups, you may as well do it now.
The sheikh’s empire driving a meteoric stock market rise
Financial Times: Blurring of private sector, state and ruling family raises queries.
Tempting back older workers into jobs means ditching business as usual
Financial Times: The expectation of a work-free retirement needs to go.
MSG owner battles outcry over ‘dystopian’ blacklisting
Long-suffering Knicks supporters have grown accustomed to coaches being fired.
iPhone delays, supply chain woes snap Apple’s revenue growth streak
Financial Times: "iPhone City" Covid outbreak brings holiday blues to Apple.
Ferrari raises outlook after record-breaking 2022
Financial Times: As investors want safe-haven assets, could Ferrari be recession-proof?
World markets rally as investors bet rates are close to peak
Financial Times: Central banks are cautious, but investors see 'light at end of tunnel'.
Two big banks cut longer term mortgage rates
Cuts come after softer than expected employment data.
Auckland floods: Building sector inflation hits 17%, set to rise
'Completing this work could take a protracted period of time' - economist.
Supply Shock: Where economists expect price rises in wake of flood
Impact to wider economy marginal, but flooding means more disruption to supply chains.
Ford slashes Mustang Mach-E prices as EV battle heats up
Financial Times: Mustang move comes after Tesla reduced cost of electric vehicles in US.
Prosecutors ask court to ban Sam Bankman-Fried from contacting FTX colleagues
Financial Times: Encrypted message allegation surfaces in FTX crypto scandal.
Intel’s weak guidance and Morgan Stanley’s staff penalties
Financial Times: Morgan Stanley hits bankers with $1mn penalties for messaging breaches.
Westpac follows ASB and lifts home loan rates
Big bank will lift its short-term mortgage rates but lower its long-term ones.
Telecoms company backed by Russian billionaire Roman Abramovich sold for £1
Financial Times: The British telecoms company had been in limbo since March.
Zip’s shares tank amid fears it is in ‘cycle of death’
There are mounting concerns the buy now, pay later sector could be wiped out.
Airfare pain: Whopping surge in international prices
Latest CPI figures confirm travellers have suffered from eye-watering fares.
Finance sector urged to support customers through tougher economic times
Regulator says making sure there is assistance is a priority.
Luxury boom shows the staying power of the ultra-rich
Financial Times: Somehow, the spending splurges of younger cohort set to boom enormously.
Eurozone set to avoid recession this year as economists’ gloom lifts
Financial Times: Big change as IMF indicates it will upgrade global forecasts.
Auckland housing developer folds after lender says ‘no’
Five big problems blamed for housing developer's failure.
Banks prepare for deepest job cuts since the financial crisis
Financial Times: Credit Suisse, Goldman Sachs and Morgan Stanley already laying off staff.
Opinion: Ban crypto and its parasitic thievery
OPINION: After last year’s meltdown, you would think we’d seen the back of crypto.
Central bankers pledge to ‘stay the course’ on high interest rates
Financial Times: Latest remarks stoke expectations of more rate rises.
Treasury to take ‘extraordinary measures’ as US hits debt ceiling
Financial Times: Plea to raise borrowing limit sooner rather than later to avoid default.
Peter Thiel’s fund wound down 8-year bitcoin bet before market crash
Financial Times: Billionaire was early mainstream investor in the digital currency.
Bank of Japan defies market pressure, keeps monetary policy ultra loose
Financial Times: Decision comes after weeks of turmoil in government bond market.
BNZ changes staff performance scheme - FMA wants to ensure customers are OK
The bank will need to show how the move is consistent with new regulations.