for the second quarter. we can provide hints on whether the bank ofjapan will continue to remain an outlier and keep interest rates ultra low. earlier, high speed two fidelity international s catherine yeung who said china is facing a confidence problem. it is lack of confidence within the consumption and corporate sector. in fact last friday we had july s money supply and aggregate financial data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. tomorrow we will get some extra data out. but really what is the biggest problem facing china to get its economy up and running? if china to get its economy up and runnina ? . , , ., china to get its economy up and r
the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get you on the show. in the first instance, how much of a risk do you think there is of a failure amongst other us banks in the system? i failure amongst other us banks in the system? failure amongst other us banks in the system? i think there is a real risk of that- the system? i think there is a real risk of that. this the system? i think there is a real risk of that. this is the system? i think
us and eu officials are meeting today to discuss energy cooperation. the focus? according to the us, joint efforts to blunt russia s attempts to weaponize energy, bolstering energy supplies for the coming winters. this comes as eu member states consider extending restrictions, or even outright banning, russian natural gas imports. the bloc has also imposed a $60 a barrel cap on purchases of russian crude oil, something that the us has supported. joining me now is olga khakova, deputy director for european energy security at the atlantic council s global energy center. on the committee that looked into their trade relationships. has russia been able to weather the international sanctions issued against its energy exports? i think overall, the price caps have been a win, a lot of analysts actually were hesitant to implement or support but anything and the overall goal was achieved. key pressure on energy supplies on the market while minimising how much money russia is making
new zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high arthur grimes from victoria university of wellington spent a decade as chairman at the reserve bank of new zealand between 2003 and 2013. there are many priorities for the incoming government. the issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. at the moment, we don t know and we won t know for another two weeks whether the new prime minister will be able to form a governmentjust with the act party, a smaller libertarian party or whether they will also need to form a three party coalition with new zealand first, essentially a populist pork barrel politics party, and those of the two parties cannot work together very coherently on economic policy, so if it s going to require a three party coalition i
promised to us hus experience in business to bring down the cost of living which has been one of the main issues in the election. new zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high arthur grimes from victoria university of wellington spent a decade as chairman at the reserve bank of new zealand between 2003 and 2013. there are many priorities for the incoming government. the issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. at the moment, we don t know and we won t know for another two weeks whether the new prime minister will be able to form a governmentjust with the act party, a smaller libertarian party or whether they will also need to form a three party coalition with new zealand new zealand first, essentially a populist pork barrel politics part