Fed to tighten credit, hike rates in 2022
The US Federal Reserve has announced quicker than expected withdrawal of support for the economy and an anticipation of three interest-rate rises in 2022.
economy, business and finance
New Zealand GDP down by 3.7 per cent
Stats NZ say New Zealand's economy contracted by 3.7 per cent in the September quarter as COVID-19 restrictions bit.
Telstra cops huge fine for privacy breach
The communications watchdog has handed Telstra a $2.5 million fine after it failed to protect the privacy and safety of its customers.
Japan overstated construction data: PM
The Japanese government overstated the value of some construction orders received from builders for years, Prime Minister Fumio Kishida says.
‘Dirty lending’, banker bonuses on agenda
Banks are walking a tightrope at this week's shareholder meetings as some investors denounce fossil fuel financing and others count the costs of past scandals.
Inflation biggest risk to outlook: Westpac
Westpac chief economist Bill Evans says rising inflation pressures pose the biggest risk for the economy in 2022.
India’s Adani eyes renewable energy crown
Mining and energy giant Adani has announced a record green power purchase agreement in India that it says will turbo charge energy transition and manufacturing.
Smaller budget deficits in perkier economy
Treasurer Josh Frydenberg will reveal smaller budget deficits as a result of a rebounding economy when he hands down the midyear review.
WTO backs Australia, others on India sugar
A WTO panel says India provided domestic support to its sugarcane producers in excess of the maximum level of 10 per cent permitted by a world agriculture deal.
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