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![Watch: Brace for a recession - Reserve Bank hikes OCR to 14-year high](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Watch: Brace for a recession - Reserve Bank hikes OCR to 14-year high
The move has taken the official cash rate to its highest level since 2008.
![NZ wholesale interest rates shoot higher on hawkish statement from RBNZ](/pf/resources/images/placeholders/placeholder_l.png?d=796)
NZ wholesale interest rates shoot higher on hawkish statement from RBNZ
The two-year swap rate has a big influence on home mortgage rates.
![Mortgage pain: Repayments set to jump as Reserve Bank charts new path](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Mortgage pain: Repayments set to jump as Reserve Bank charts new path
Don't panic, says property investor.
![New Auckland mayor and port chair talk after feisty exchanges](/pf/resources/images/placeholders/placeholder_l.png?d=796)
New Auckland mayor and port chair talk after feisty exchanges
Details of the meeting are under wraps.
![Rob Fyfe: Why airlines will bounce back stronger and fares will get cheaper](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Rob Fyfe: Why airlines will bounce back stronger and fares will get cheaper
Ex-Air NZ boss and Air Canada director says pandemic has toughened up airlines.
![Qantas staff on track for $12,000 bonus](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Qantas staff on track for $12,000 bonus
Australian flag carrier benefiting from sustained high demand.
![Wayne Brown v Auckland port stoush 'affecting thousands of city businesses, livelihoods'](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Wayne Brown v Auckland port stoush 'affecting thousands of city businesses, livelihoods'
New mayor yet to meet with port leaders to hear turnaround plans.
![Focus Live : RBNZ Governor OCR announcement](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Focus Live : RBNZ Governor OCR announcement
Markets will be braced for the Reserve Bank’s Monetary Policy Statement. Video / Supplied
![Elon Musk’s ‘hardcore’ management style: a case study in what not to do](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Elon Musk’s ‘hardcore’ management style: a case study in what not to do
Opinion: Musk’s actions at Twitter will go down as the gold standard in what not to do.
![Focus: Black Friday is here, but are Kiwis actually hitting the shops?](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Focus: Black Friday is here, but are Kiwis actually hitting the shops?
New data reveals how many Kiwis are planning to shop and just how much they'll spend, plus how to avoid the 'fake sales' appearing across NZ. Video / NZ Herald
![Tower profit dragged down by provisions and large claims](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Tower profit dragged down by provisions and large claims
Canterbury earthquakes and Tongan eruption weigh on insurer.
![Oceania revenue up, profit down](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Oceania revenue up, profit down
Total sales volumes were in line with the prior corresponding period.
![Opinion: Sam Bankman-Fried and the power of dressing badly](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Opinion: Sam Bankman-Fried and the power of dressing badly
Financial Times: Looking attractive matters less than telling your story.
![NZX buys asset manager QuayStreet in deal worth up to $50 million](/pf/resources/images/placeholders/placeholder_l.png?d=796)
NZX buys asset manager QuayStreet in deal worth up to $50 million
Deal 'strategically important' for Craigs.
![Jarden Brief: Big US retailers have stellar day, European stocks at three-month high despite Saudi, China worries](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Jarden Brief: Big US retailers have stellar day, European stocks at three-month high despite Saudi, China worries
Looming China mega-lockdowns don't sway Fed-focused markets.
![Tunnel vision: Is this the solution for $15b second Waitematā harbour crossing?](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Tunnel vision: Is this the solution for $15b second Waitematā harbour crossing?
A sleek vision for the future, but which harbour crossing concept will win?
![Online retail: Kiwi startup detects risky buyers](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Online retail: Kiwi startup detects risky buyers
Golf Warehouse and World early customers for ex-Xero and Vend pair's new venture.
![Ryman hammered as NZ stocks took a negative turn on eve of OCR call](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Ryman hammered as NZ stocks took a negative turn on eve of OCR call
The index closed lower after a strong day yesterday.
![Inside Saudi Arabia’s strategy to keep the world hooked on oil](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Inside Saudi Arabia’s strategy to keep the world hooked on oil
New York Times: Saudi working to keep fossil fuels at centre of world economy.
![Bankruptcy fears for crypto firm](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Bankruptcy fears for crypto firm
The fallout from the collapse of FTX continues to cascade through the crypto market.
![Grindr: low free float disguises an unpopular Spac matchup](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Grindr: low free float disguises an unpopular Spac matchup
Financial Times: Investors have plenty of reasons to swipe left.
![Australian-owned Firstgas buys Kiwi lines company Eastland Network](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Australian-owned Firstgas buys Kiwi lines company Eastland Network
The 100 per cent acquisition is conditional on Overseas Investment Office approval.
![Outgoing chairman David Hearn on riding the a2 Milk rollercoaster](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Outgoing chairman David Hearn on riding the a2 Milk rollercoaster
A2 Milk's Hearn says the company will remain a growth stock, but at more modest levels.
![Turners Auto posts steady first half profit, says higher interest rates will soon bite](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Turners Auto posts steady first half profit, says higher interest rates will soon bite
Turners Auto posts a 1 per cent lift in earnings.
![What Elon Musk is doing to Twitter is what he did at Tesla and SpaceX](/pf/resources/images/placeholders/placeholder_l.png?d=796)
What Elon Musk is doing to Twitter is what he did at Tesla and SpaceX
New York Times: Musk has repeatedly used these tactics at many of his companies.
![Out for blood: How Elizabeth Holmes fooled the world’s wealthiest men](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Out for blood: How Elizabeth Holmes fooled the world’s wealthiest men
Telegraph: One by one, the great and the good marched down Theranos’s yellow brick road.
![Why AWS is spending $7.5b on NZ data centres](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Why AWS is spending $7.5b on NZ data centres
Increased demand for cloud computing has prompted AWS to make a big investment.
![Iger back on top in Disney plot twist](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Iger back on top in Disney plot twist
Iger will replace his hand-picked successor, Bob Chapek, effective immediately.