Latest from Banking and finance

My Food Bag aims to claw back profits after cost-cutting drive

The meal kit company says they are set to make a comeback in the next full-year.

'This is my 37th Budget. I think I can be objective about Budgets'

A finance expert has given his thoughts on the newly announced Budget.

My Food Bag profits dive 60%, staff cut, plans to delist from ASX

The Kiwi meal kit company says it's working to cut overheads and up profits.

Ratings agency fires warning shot over 'expansionary' Budget

Budget may erode ‘headroom’ for NZ credit rating, says S&P.

How the market reacted to the Budget

Big increase in bonds may be a lot for market to swallow.

Russia admits ‘problems’ as energy revenues fall

Financial Times: Minister tells Putin "all these discounts" to blame for plunging revenue.

US debt default chaos could ruin Biden's PNG, Australia trip

Biden's trip to PNG on edge as 140 companies demand action from US politicians.

Elon Musk subpoenaed in JPMorgan lawsuit over Jeffrey Epstein ties

Financial Times: Lawyers want to know if Tesla boss introduced to bank by sex offender.

Financial markets watchdog censures Aurora Financial Group

Company penalised for misleading existing and potential clients about KiwiSaver returns.

FTX founder Sam Bankman-Fried seeks dismissal of indictment

He says prosecutors have made federal crimes out of civil and regulatory issues.

Falling crude prices and recession fears bring US oil and gas rally to a halt

Financial Times: Equities sell-off comes despite companies reporting a strong quarter.

Westpac NZ’s boss sees risks of hard landing for NZ economy

Westpac chief executive Catherine McGrath says more customers are feeling the pinch.

Apple’s iPhone sales rebound after holiday challenges

Financial Times: Apple earnings come in better than expected.

ANZ defends billion-dollar-plus first half profit

ANZ first half rise by 1 per cent to $1.1 billion.

Jarden Brief: US regional banks take more big hits

Gold nearing an all-time high as two US banks slide.

Fed implements quarter-point rate rise, signals potential pause

US central bank warns recent banking turmoil ‘likely to weigh on economic activity'.