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Federal Reserve’s Kashkari: 'Reasonable' to Weigh Rate Cut Next Month
1732578483 from BLOOMBERG
Federal Reserve Bank of Minneapolis President Neel Kashkari says it's still "a reasonable debate" to consider another interest-rate cut at the central bank’s December meeting. He speaks with Bloomberg Television's Haslinda Amin. (Source: Bloomberg)
US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts
1732324526 from BLOOMBERG
Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders.
Putin’s pipeline: How the Kremlin outmaneuvered Western oil companies to wrest control of vast flows of Kazakhstan’s crude
1732323569 from C ASIA
… Soviet Union, Kazakhstan is the largest country in Central Asia, and … disparities between foreign and Kazakh oil workers have fostered … can’t go into Central Asia without effectively paying bribes … think, but also what Central Asia thinks.” U.S. officials …
Chair Powell Likely To See Out His Term: Reiman, Rodriguez
1732305280 from BLOOMBERG
Nuveen Asset Management Head of Fixed Income Strategy Tony Rodriguez and UBS Global Wealth Management Head of Fixed Income Kurt Reiman both think the Trump administration will keep Fed Chair Powell through the end of his term in 2026. (Source: Bloomberg)
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 …