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National Business Review

September 2025

US economic data up, as global markets flail

Oracle was a chief culprit of a slipping S&P 500, sliding 5.6% on a rerating after record gains the prior week and as news emerged on Wednesday it would look to raise US$18 billion ($31.2b) in debt to build out its cloud infrastructure and cater for its AI demand

Winston Peters lambasts Govt’s immigration changes

But this has been met with consternation by coalition partner New Zealand First, which dubbed the changes as “unfocused immigration”

Bond market blip raises prospect of fiscal policy ‘death loop’

Phil BorkinjBWere senior strategist
The UK certainly saw that this week, where there's just nervousness around a softer growth outlook, higher interest rates, poor productivity growth, and probably downward revisions to growth forecasts,
The Republican Party has passed a large bill, which is stimulatory at the margin, and tariffs were seen as one way to offset some of the fiscal costs of that,