Orr Warns Banks About Squeezing Farmers Before RBNZ Capital Hike

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Orr Warns Banks About Squeezing Farmers Before RBNZ Capital Hike

New Zealand central bank governor Adrian Orr suggested retail banks may be squeezing more money out of farmers in anticipation of higher capital requirements. Banks had lifted lending rates in the agricultural sector even as the Reserve Bank lowered its …
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'Proud racist' tells Spanish-speaking teenager to 'speak English' in the middle of a Georgia McDonald's

An employee of a Georgia sheriff’s office was fired after he was racist; The man was caught on video telling an art student and her friends with Hispanic heritage that they came to the US ‘on a f***ing boat’; Cristina Riofrio, 19, was in a Savannah McDonald’s …
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Scottish businesses expect Brexit hit

Nine in ten businesses in Scotland expect Brexit to have an important, or very important, impact on them, according to research by the Fraser of Allander Institute. Its Scottish Business Monitor indicates that 30% of all businesses are scaling back all new …
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A cooperative run by RBI officers is stuck in the middle of the PMC bank snafu

A cooperative run by RBI officers is among many whose money is stuck in the troubled Punjab and Maharashtra Co-operative (PMC) Bank. The RBI on Tuesday barred the PMC from carrying out a majority of its routine business transactions for a six-month …
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Huawei CEO is considering giving out an exclusive 5G license to a US firm

Chinese tech giant Huawei is willing to exclusively license its 5G technology to a U.S. company to create a level playing field for competitors, CEO Ren Zhengfei said on Thursday. 5G is the next generation of high-speed mobile technology that aims to provide …
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