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Why aren’t greedy NZ Banks doing more to stop scammers
1732126572 from BANKING
… bringing public sector and banking industry together The government plans … public sector agencies and banking industry players in an … the Banks – not you stupid sleepy Hobbits! The Banking Ombudsman … the time and the Banking Industry has simply facilitated …
US Not Screaming for Stimulus says Citi Chief Economist
1732096660 from BLOOMBERG
The US economy "categorically" does not require rate cuts, says Citi Chief Global Economist Nathan Sheets. "It is not screaming stimulate me right now", he argues. Sheets expressed concern about President-elect Donald Trump's tariff proposals, warning "there are scenarios where you have significant upside pressure on prices." "The jury is still out," on the exact nature of the future administration's economic agenda, he says. (Source: Bloomberg)
Jenee Tibshraeny: NZ Herald Wellington business editor on the latest feud between the Reserve Bank and the banks
1732089800 from BANKING
… NZ conference on Tuesday, the banking regulator’s director of money … for better regulation to push banks to keep up with … their peers overseas. But the banks have pushed back - with … saying regulations were holding the banks back. NZ Herald Wellington business …
US Economy Very Resilient: Carmignac's Allier
1732027570 from BLOOMBERG
Marie-Anne Allier, fixed income fund manager at Carmignac, says she would not buy 10-year Treasuries at 4.5% and she still expects a 25 bps cut by the Federal Reserve in December. She spoke on Nov. 18 on "Bloomberg: The Opening Trade." (Source: Bloomberg)
New Zealand banks face scrutiny as open banking delays hinder competition - Ernie Newman
1731877847 from BANKING
… to offer a partial banking service on highly competitive … need open banking, which requires the established banks to collaborate … generation of digital-based banking services waiting only for … full introduction of open banking to enable the innovators …
Gold Weekly Forecast: The stronger US Dollar keeps buyers at bay
1731687979 from FXSTREET
The corrective move in Gold (XAU/USD) remained well in place for yet another week, this time revisiting the $2,540 region per troy ounce, or a fresh two-month low, where some initial contention zone appears to have emerged.
Big NZ banks should be able to maintain returns without taking 'undue risk,' S&P says
1731622678 from BANKING
… outlook commentary. "New Zealand banks' credit losses will … says. "New Zealand banks should be able to maintain … support from their Australian parent banks. "We envisage no … banks, which account for more than 90% of New Zealand banking …
NZ to restart oil and gas exploration one month after COP
1731601107 from OIL&GAS
… 2018 ban on new offshore oil and gas drilling within a month … associate membership of the Beyond Oil and Gas Alliance, a bloc of … plans to phase in new oil and gas exploration. Bill Hare, the … to 1.5C, no new oil, gas or coal sources need to …
US Dollar softens after hitting a fresh year-to-date high in the USD Dollar Index
1731596318 from FXSTREET
The US Dollar (USD) adds to more gains in the Trump trade rally, good for a fifth consecutive trading day with the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, reaching the highest level seen since November
US Economy: Jobless Claims Dip, Producer Prices Rise
1731592631 from BLOOMBERG
Applications for US unemployment benefits fell to the lowest level since May last week, decreasing by 4,000 to 217,000, while US producer prices picked up in October, increasing 0.2% from a month earlier. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Market Focus Now Turns to the Economy, Inflation and the Fed
1731523653 from BLOOMBERG
You can almost feel it now. After months of market speculation about who would become the next US president and what that would mean for markets, we’re coming back to the present. Don’t get me wrong, the so-called Trump Trade still dominates headlines and causes gyrations in stocks, bonds, Bitcoin, and the US dollar. But the price action will get more muted.
Fed’s Kashkari on Inflation, Housing, Jobs Market
1731507995 from BLOOMBERG
Federal Reserve Bank of Minneapolis President Neel Kashkari says inflation is heading in the right direction. But he says it’s too soon to say if the Fed will continue on its rate cutting cycle. He also talks about housing, the labor market, and uncertainty about what policies President-elect Donald Trump will enact. Kashkari speaks on “Bloomberg Surveillance.”