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  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 …

  Bloomberg Predicting the price of a stock a year from now is hard, even for Wall Street’s best analysts. But for investors who bought into the bullish expectations behind cryptocurrency-related stocks at the beginning of this year, those forecasts now look like pipe dreams. For 10 crypto stocks tracked by Bloomberg, with at least three analyst price targets at …

  Bloomberg US stocks rise as investors await the release of policy minutes from the Federal Reserve’s latest meeting for potential signs that the central bank may slow its pace of interest-rate hikes. The S&P 500 climbed after closing at its highest level since mid-September. The Nasdaq 100 jumped after wavering as the session started. Sentiment was boosted after latest …

Bloomberg Airlines and regulators are pushing to have just one pilot in the cockpit of passenger jets instead of two. It would lower costs and ease pressure from crew shortages, but placing such responsibility on a single person at the controls is unsettling for some. Over 40 countries including Germany, the UK and New Zealand have asked the United Nations …

  Bloomberg Singapore Airlines Ltd. will add flights to East and Southeast Asia from early next year and trim some US services as it tweaks routes and plane allocations to get a head start over rivals as nations ease travel restrictions. The city-state’s flag carrier will resume flights to Busan in South Korea and increase services on Airbus SE A380 …

  Bloomberg Finnair Oyj revealed plans to eliminate about a quarter of its cabin-crew posts in Finland after the closure of Russian airspace upended a business model based on flights to Asia, forcing the firm into steep cost cuts. Finland’s state-controlled carrier is looking to scrap as many as 450 of its 1,750 flight-attendant post there and extend the outsourcing …

  Bloomberg Tata Group is considering a plan to integrate its four airline brands under Air India Ltd., people with knowledge of the matter said, as the sprawling company prepares to rebuild its faltering aviation empire. India’s largest conglomerate is also considering scrapping the Vistara brand, which is Singapore Airlines Ltd.’s local affiliate in the South Asian nation, the people …

  Bloomberg Procter & Gamble Co. (P&G) was fined more than $34,000 following an employee’s death at a North Carolina facility. A 49-year-old worker at a plant in Greensboro died in May after being struck by a stainless steel tote. The state’s Department of Labour cited the company over three alleged serious violations of North Carolina occupational safety laws over …