Latest from Banking and finance

Opinion: US dollar doomsters have got it all wrong

Financial Times: Why global demand for the US currency is so strong.

World faces ‘staggering’ excess of oil by end of decade - IEA

Financial Times: We're on track for a surplus of millions of barrels a day, the IEA says.

Fed signals one interest rate cut before end of 2024

Financial Times: Forecasts after data shows inflation lower than expected in May.

Opinion: A response to Sir Roger Douglas on Budget 2024 challenges

OPINION: Sir Roger Douglas has renewed his case for radical changes to fiscal policy.

Politicians to have a crack at bank bosses and regulators via new competition inquiry

Inquiry to be broader than ComCom's study, including business and agricultural banking.

Booster disputes allegation it used funds wrongly for related wine investment

The market watchdog alleges 'serious' breaches but Booster says it disputes the claims.

$500 away from serious trouble: Cost of living hurting Kiwis’ ability to save

New pressures displace divorce, unemployment as explanation some cite for money troubles.

Kiwibank faces prosecution over $7m in customer overcharging

'Serious' charges come after multiple errors in Kiwibank’s manual and electronic systems.

ANZ predicts interest rate cuts from February next year

Previously hawkish economists now see first OCR cut occurring in February, not May.

China’s plan to sell cheap EVs to the rest of the world

Financial Times: Chinese carmakers could end up dominating many emerging markets.

Brothers Beer liquidation: Major bank among creditors owed money

The pre-pandemic business was popular and expanded hospitality outlets from one to seven.

Opinion: AI’s biggest promise for consumers remains just that - a promise

Financial Times: An arms race is in full swing, but fundamental problems are unresolved.

S&P downgrades France's credit rating

S&P warns that France's debt ratios will only worsen in coming years.

Nicola Willis reveals she's had to field a complaint over Adrian Orr's conduct

A long-standing spat over bank regulation continues.

China’s army tests gun-toting version of robot dog

Financial Times: Debut of the robo-dog which the army has equipped with an assault rifle.

'True to their word' – infrastructure chief on Budget 2024

'Government appears to have recognised the deficit with roading and rail maintenance.'