RBNZ Raises Cash Rate, Sees More Tightening
The Reserve Bank of New Zealand raised its benchmark interest rate by 50 basis points for a fourth consecutive time and said more monetary tightening is needed to control high inflation.
U.S. Audit Watchdog Fines KPMG Korea for Quality Control Failures
KPMG Samjong Accounting was fined $350,000, and two former executives were also fined and charged with improperly altering work papers.
Citi Appoints Aveline San to Head Hong Kong and Macau Operations
Citigroup Inc. has appointed Aveline San to helm its operations in Hong Kong and Macau, as the U.S. bank pushes to grow its wealth-management business in the region.
Mexico's Largest Shadow Bank Begins Restructuring as Funding Dries Up
Unifin, the largest nonbank lender in Mexico, had recently told investors it had access to credit. Weeks later, it said it would halt debt payments and restructure.
Five Not-Quite-Impossible Things the Market Believes
The last two months' rally in bonds and stocks-even putting the Nasdaq back into bull market territory-rests on a lot of people being wrong.
Foreign Investors Turned Net Buyers of Chinese Government Bonds in July
But they continued to sell billions of dollars worth of bonds issued by Chinese policy banks.
Flush With Oil Profits, Saudi Arabia Pours $7.5 Billion Into U.S. Stocks From Amazon to Microsoft
The kingdom is enjoying its strongest financial situation in years as a result of windfall revenue from high oil prices.
Money Pours Into Funds Targeting Solar, Data Centers
Investment companies such as KKR and Brookfield Asset Management have raised $130 billion this year to invest in businesses that can withstand inflation.
Private-Equity Firms With Oil-and-Gas Focus Defend Sector
Fossil fuels will still be necessary even as the world shifts to cleaner energy, these firms argue in marketing to investors.
Financial Services Roundup: Market Talk
Find insight on the Fed's warning to banks on crypto, BofA's European Fund Manager survey, Samsung Life Insurance, Bendigo and Adelaide Bank, and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
08-17-22 0015ET
