Westpac NZ’s half year profit bounces after Cyclone Gabrielle
Bank heading into the second half of the year with good momentum, says CEO.
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Latest from Banking and finance
Opinion: Elon Musk shows us that moral binaries are of little use
Financial Times: Working out wrong from right is not as easy as many people think.
Shell sold millions of ‘phantom’ carbon credits
Financial Times: Scheme let Shell register credits equal to twice volume of CO2 captured.
NZ bonds yields edge up before Budget
Government bond yields are high before this month's Budget.
US securities regulator shuts down Trump Media auditor over alleged fraud
SEC alleges BF Borgers ran ‘sham audit mill’ whose work affects more than 1500 corporates.
Liam Dann: Don't bet your house (or your mortgage rate) on inflation forecasts
OPINION: It's taken years to start causing a serious economic downturn.
Apple shares rally as sales fall less than feared
Financial Times: Tech giant announces US$110 billion in share buybacks.
The forgotten $477m fortune: Why Kiwis should check IRD's website to see if they can claim
More than 415,000 Kiwis are owed $477 million in unclaimed funds with the IRD.
Stock Takes: Sky TV chair's million-dollar share buy-up
And the food still in demand from financially-strained Kiwis.
Savers slowly capitalise on high interest rates
BNZ's profitability falls as savers shift their funds to accounts that pay more interest.
Build Partners in voluntary administration, was partway through building 91 Kāinga Ora units
Grant Thornton is now in charge of the construction business, which built 700 state homes.
Building consents fall - but have we hit the floor yet?
Building downturn the worst in 15 years, bank says, but there's still some optimism.
Federal Reserve signals that rates will remain higher for longer
Financial Times: ‘Lack of further progress’ on inflation has complicated plans.
Elon Musk fires Tesla’s entire supercharger team
Financial Times: Electric-car maker’s public policy unit also being disbanded.
Bad mortgage debt expected to rise by 40 per cent by year's end
The Reserve Bank says banks are well positioned to help struggling borrowers.
Food and drinks giants flag price pressure on low-income consumers
Financial Times: The 'K-shaped economy' kicks off as consumer habits diverge.
Lamborghini-driving fraud-accused charged over $8.6m scheme
SFO prosecution of Gerard Peters and others comes three years after Herald reports.
Banks select provider for confirmation-of-payee, a key anti-scam measure; Consumer says efforts ‘too slow, too light’
But the Government and banks have differing takes on one of the next steps.
Autumn chill as business confidence falls sharply
ANZ's April Business Outlook survey show firms are feeling more downbeat.
Western banks in Russia paid $1.4 billion in taxes to Kremlin last year
Financial Times: A fourfold increase on prewar levels for lenders still in Russia.
RBNZ wants banks to be more careful issuing mortgages
The bank is wary of banks issuing loans against properties that become hard to insure.
Economist Joseph Stiglitz: ‘Trump is what neoliberalism produces’
Financial Times: Nobel laureate claims fall in inflation vindicates his position
Elon Musk flies in to meet China’s premier as Tesla fights local rivals
Financial Times: Billionaire makes push on ‘robotaxis’ in bid to revive fortunes.
Shockwaves through Wall Street as non-compete agreements banned
A US Federal Trade Commission ruling forces a rethink on deals for high-paid staff.
Shortage of aircraft seats the latest problem for airlines
Financial Times: Delays getting seats the latest supply chain issue for airlines.
How TikTok’s Chinese owner tightened its grip on the app
Financial Times: Insiders say ByteDance is exerting increasing influence over TikTok.
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Financial Times: Yen’s 34-year low against the dollar complicates the BoJ governor's task.
Higher fares, fewer planes: Boeing crisis forces airlines to cut services
Financial Times: Delivery delays tied to 737 Max safety concerns hit carriers.
Mark Zuckerberg defends Meta’s AI spending spree as shares tumble
Financial Times: The owner of Facebook reported better than expected quarterly revenue.
Jamie Dimon cautions over soft landing for ‘unbelievable’ US economy
Financial Times: Dimon says he’d ‘love to be president, but you’d have to anoint me’.
RBNZ refuses to bend rules to improve bank competition
The RBNZ's financial stability mandate clashes with the competition watchdog.
Tesla shareholders braced for worst results in 7 years
FT: Investors ask if the EV maker is in the midst of a major change of direction.
Opinion: The overstimulated superpower
FT opinion: Overlooked reason for US resilience could be huge ongoing stimulus.