Italy doubles tax for wealthy foreigners
Financial Times: 'Flat tax for the billionaires' launched to address house price concerns.
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Latest from Banking and finance
Du Val investor worried after interim receivership
'It’s been nearly two years since I’ve been paid anything.' - Du Val investor
Is the US heading for a recession?
Financial Times: Many believe US will still get soft landing despite rising unemployment.
'Rent will continue' - Du Val to worried apartment landlord
Around 500 people live in the high-rise.
'Market tantrum': US stocks finish sharply lower to close out global rout
Financial Times: S&P 500 finishes trading day down 3% after Nikkei gets thrashed.
'It would take out 20% of sales': what many Catalina Bay apartment buyers want
One-bedroom units are $1.1m, the penthouse is $5m: New project, nearly done, move-in soon.
US stocks and Treasury yields continue recovery from session lows
Financial Times: After global rout, Magnificent Seven stocks clawed back declines.
'What I learned': Why Ben Wilson converted offices to apartments
Several CBD office buildings in Auckland have been converted into apartments, hotels.
Global rout: Japan’s stock index suffers worst day since 1987
'Sea of Red' as trading in Nikkei futures suspended, Australia has worst day since 2020.
World’s biggest lithium producer urges state help to compete with China
Financial Times: US producer cuts expansion plans in struggle over key mineral for EVs.
Official Cash Rate tipped to hit 5% by year’s end
One bank has updated its OCR forecast, and now expects a drop in October.
Scope of Du Val businesses revealed: 64 entities now in PwC hands
The apartment and townhouse development group has been put into interim receivership.
Warren Buffett’s Berkshire Hathaway halves stake in Apple
Financial Times: Cash holdings hit record high as billionaire dumps $127b of stocks.
Matthew Hooton: Kiwibank expansion plan deserves wide support
OPINION: Willis’ proposal honours Jim Anderton and Trevor Mallard’s vision.
Intel shares fall 20% on plans to cut 15,000 jobs
Financial Times: Chipmaker says it'll also reduce spending as strategy hits setback.
Du Val Group in receivership: Why the FMA and police swooped, and what next?
One increasingly worried subcontractor complained of being owed around $500,000.
Auckland property developer placed into interim receivership, police at property
Around 120 investors put money into Du Val entities.
Mortgage war? Banks competing hard to win customers
Some rates have eased in anticipation of the Reserve Bank lowering the official cash rate.
ComCom to consult Australian regulators on impact of ANZ bond probe
Monopoly Watch director Tex Edwards calls for ComCom to delay its final banking report.
London loses historical grip on global mining sector listings
Financial Times: New York, Toronto and Sydney have overtaken the UK capital.
Meta’s revenue growth reassures investors as Zuckerberg plots AI spree
Financial Times: Zuckerberg has been attempting to win over investors with his AI vision.
Fed says first cut to US interest rates could come in September
Financial Times: Comments by chair Powell boost expectations of pre-election move.
Households’ loan arrears may have peaked but tougher times likely for businesses
Around 465,000 people are behind on their payment obligations.
Business confidence rises with a ‘can’t get any worse vibe to it’
"The evidence is mounting that the inflation dragon is on its last legs."
Meta to pay $1.4bn to settle Texas facial recognition complaint
FT: Facebook accused of gathering data from photos, videos without informed consent.
Crushing 4% rental yield gap largest in 15 years – but many investors undeterred
'Rents are nowhere near enough to cover the mortgage for a typical debt-backed purchase.'
Easing of lending rules to make it quicker, but not necessarily easier to get loans
ANZ assures it will continue being a responsible lender.
ANZ reverses house price forecast, expects 1% fall
Three aspects of house prices and interest rates have been revised in new research.
Sharesies trader investigated after claiming kitchen renovation anguish made him flip shares
Normally his trades were modest - but a few big deals caught unwanted attention.
Heineken blames weather after beer sales disappoint
Financial Times: World’s second-largest brewer pushed into net loss.
US consumers show signs of flagging, companies and analysts warn
Financial Times: Hints a crucial driver of economic growth may have peaked.
Trump vows to sack SEC boss and end ‘persecution’ of crypto industry
Candidate says he would ensure rules were written by people 'who love cryptocurrencies'.
Younger Chinese fume at call to raise retirement age
Financial Times: Party meeting sparks online row as experts warn about ageing population.
Uber and Lyft score victory in California gig economy case
Financial Times: Ruling says ride-hailing services can treat workers as contractors.