Bloomberg New Zealand’s central bank (RBNZ) raised interest rates by a record 75 basis points and signalled further tightening ahead, stepping up its inflation fight even as it forecasts a recession next year. Short-maturity bond yields surged after the Reserve Bank’s Monetary Policy Committee lifted the official cash rate to 4.25% from 3.5% on Wednesday in Wellington, as predicted …

  Bloomberg Nigeria unveils redesigned high-denomination banknotes as the central bank confirmed a January deadline to roll out the new bills despite calls for an extension. “We will not shift the deadline,” Governor Godwin Emefiele said at a briefing in the capital, Abuja. Critics of the move have argued that the six-week window will cause massive lines at banks and …

  Bloomberg Goldman Sachs Group Inc. will pay $4 million to settle US regulators’ claims that its asset-management unit didn’t properly weigh environmental, social and governance (ESG) factors in some of its investment products. The Securities and Exchange Commission (SEC) said that the Goldman Sachs Asset Management unit “had several policies and procedures failures involving the ESG research its investment …