the Guardian
Shares tumble and government bonds hammered by central banks’ interest rate rises
NZ Herald
About 70,000 people will lose their jobs thanks to higher interest rates.
Some analysts say a recession seems inevitable next year.
Asia Times
TOKYO — One of the worst-kept secrets in global central banking is the extent to which Chinese officials are swapping dollars for gold. Governor Yi Gang’s team at the People’s Bank of China&nb…
NZ Herald
The move has taken the official cash rate to its highest level since 2008.
Newsroom
Substantial investments in clean energy financing and term deposits are increasingly being touted by offshore scammers.
RNZ
The Reserve Bank is set to deliver the biggest hike in the official cash rate in more than 20 years on Wednesday, as it looks to step up its fight against rampant inflation.
Asia Times
Debt crisis fears are no longer theoretical as minor credit events from South Korea to the Philippines to Vietnam signal major trouble ahead. Korea, of course, has one of this region’s most leverag…
Challenging underlying market conditions experienced over the September quarter were evident in returns listed in the Morningstar KiwiSaver Survey Q3.
Stuff
The Government has extended the bill which sets the legal framework for pandemic restrictions, but MIQ - should it be needed - won't be the same as it was.
Stuff
The online trading platform closed accounts after users did not answer an anti-money laundering questionnaire.
New dwelling consents shot back up in the September quarter while build costs have risen steadily for 7 consecutive quarters
RNZ
The New Zealand dollar was overtaken by the Singapore dollar, Swedish krona, Korean won and Norwegian krone.
The central bank also said it would purchase necessary amounts of Japanese government bonds at a fixed rate in order to keep 10-year JGB yields at 0%.
RNZ
The Financial Markets Authority has given an online investment platform a formal warning for failing to comply with anti-money laundering requirements, despite being aware of its shortcomings.
The Responsible Investment Association of Australasia (RIAA) says ethical investment is ticking up in this country.
Asia Times
TOKYO — When Larry Summers says it’s bad, you know it’s bad. Ex-Treasury Secretary Summers made his bones amid the wreckage of the 1997-98 Asian financial crisis. Summers was a key member of the fi…
www.abc.net.au
It's hard to overstate the magnitude of the financial trouble Britain, and because of its financial heft, the world, found itself in this week, writes David Taylor.
France 24
The Organisation for Economic Co-operation and Development (OECD) published a gloomy economic forecast for 2023 on September 26 – suggesting that Europe faces a very difficult economic climate if the…
CNN
The Bank of England said Wednesday it would buy UK government debt "on whatever scale is necessary" in an emergency intervention to halt a bond market crash that it warned could threaten financial stability.
Major stock market indexes in Asia fell sharply also fell sharply on Wednesday.
The Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday, lower than the 0.75 percentage point rise that had been expected by many traders.
RNZ
Collective profits for the sector were $1.73b for the three months ended June, just below the previous quarter's record, as lending rose, bad debts remained low and margins increased.
New Zealand's largest mortgage lender strikes out ahead of the pack with some sharp rate hikes for the most popular fixed home loan terms. They also make me-too term deposit rate changes
Stuff
There's a warning that people who applied for a loan in early 2021 may face 'considerable risk of default'.
The Money