Economic ground shifts under English, FMA chief ‘not involved’ in UK probe, How a smartphone can prevent blindness
What's in your National Business Review print edition this week.
In NBR Print today, A year ago most experts, including the Treasury, were tipping official interest rates would be at 4.5% now. That would have meant floating mortgage rates would be well above 7% by now, Rob Hosking writes. “Last week Reserve Bank governor Graeme Wheeler, for the first time since the Canterbury earthquakes in early 2011, opened the door to his next move being an interest rate cut.”
Calida Smylie previews the new reporting season, with analysts forecasting strong earnings per share growth, although strains in some sectors are starting to show. “Analysts say they are keeping watch where the market is paying an excessively full price for the promise of earnings certainty, especially since some sectors have recently come out with warnings that parts of the business are tougher than people had previously expected.”
Meanwhile, the Financial Markets Authority is standing by its chief executive amid revelations he was previously a director of a company recently fined a record £13.3 million by the British regulator, Hamish McNicol writes. “Rob Everett, who has headed the FMA for 15 months, was a director of Merrill Lynch International from 2009 to 2012. That company last month received the Financial Conduct Authority of Britain’s biggest ever fine for reporting failures between 2007 and 2014. The FMA says Mr Everett has no responsibility for the sanctions, which were imposed on Merril Lynch for failing to properly report tens of millions of client transactions.
Jason Walls went to TEDx and found a Gisborne-based doctor, who has come up with a way of detecting potential eyesight problems with a smartphone. Dr Hong Sheng Chiong has figured out a way of using the power of a smartphone, an attachable apparatus and a lens to examine the back of a patient’s eye.
All this and more in today's National Business Review. Out now.
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Economic ground shifts under English, FMA chief ‘not involved’ in UK probe, How a smartphone can prevent blindness
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