Demand for loans and credit cards has fallen while those getting behind on their payments for existing debt is on the rise, data from credit agency Centrix shows. Keith McLaughlin, managing director of Centrix, said the crunch of Omicron and looming inflation had started to have a tangible impact on Kiwi consumers’ confidence. “Overall demand for consumer credit is down […]

After coming under pressure early in the session, stocks showed a substantial turnaround over the course of the trading day on Monday. The major averages bounced well off their early lows and ended the day significantly higher. The major averages saw further upside going into the close, ending the session near their best levels of the day. The Dow climbed […]

The continuation appeal hearing in the extradition case of Nirav Modi, the fugitive diamond merchant wanted in India to face charges of fraud and money laundering amounting to an estimated $2-billion Punjab National Bank (PNB) scam case, is listed to be heard in the high court in London on June 28. The 51-year-old diamond merchant had lodged an appeal against […]

Social media company Twitter Inc. (TWTR) Monday said it has agreed to be acquired by Tesla Inc. (TSLA) CEO Elon Musk in a deal valued at about $44 billion. Twitter will become a privately held company. Musk has agreed to pay Twitter shareholders $54.20 in cash for each Twitter share, which represents a 38% premium to Twitter’s closing stock price […]

In late March, a group of students from Justice Reskill’s front-end coding cohort logged onto their computers early on a Saturday morning, ready to take their final exam. It had been a rocky week for the Denver-based nonprofit, which once garnered big dollars from some of Colorado’s top funders, promising to teach coding skills to people involved in the criminal […]

FILE PHOTO: The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration/File PhotoBRUSSELS (Reuters) – Alphabet unit Google on Monday urged Europe’s second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU antitrust regulators three years ago for hindering rivals in online search advertising. The case is one of […]

TOKYO (Reuters) – Japanese mother of three Maiko Takahashi was never one to pinch pennies or accept hand-me-downs for her children even though circumstances for her single-income family have always been fairly modest.FILE PHOTO: People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, make their way at a shopping district in Tokyo, Japan, March 16, 2022. REUTERS/Kim Kyung-HoonBut times […]

Interest rates: Expert advises on savings and mortgages We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info A rise in the base rate on Thursday to one percent would […]