New Zealand Financial News

dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in Britain and the United States, but the overall mood was positive with world shares firming.

dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-rate currencies and supporting the dollar while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation, an official said. The issue came up for discussion during the meeting of the WTO's agriculture committee on May 23-24 in Geneva.

AP reported Bangkok's Samitivej Srinakarin Hospital as saying.According to the report, 27 people remained in intensive care, and a 73-year-old British man died after the flight ran into bad turbulence over the Andaman Sea. This led to hurling items and passengers and crew members around the cabin.The hospital's public relations officer stated that other local hospitals have been asked to lend their best specialists to assist in the treatments.

monetary easing amid sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.

New Zealand bird has become a record-setter for being sold for a $20,000-plus amount. The auction house handling the sale named 'Webb's Auction House' has said that the feather from the extinct huia bird, smashed all estimates to become the world's most expensive feather to be sold, according to 'The Mirror' report.

Gland Pharma reported fourth-quarter profit below estimates on Wednesday, as soaring employee expenses outweighed strong demand in its core markets. It reported a consolidated net profit of 1.92 billion rupees ($23 million) for the quarter ended March 31, missing analysts' average estimate of 2.41 billion rupees as per LSEG data.

London Drugs has confirmed that the cybersecurity breach that forced it to close stores across Western Canada for more than a week was a ransomware attack.

dollar was steady against a handful of peers on Wednesday, as the market assessed calls for patience from Federal Reserve officials and awaited the publication of Fed minutes for more insight on the central bank's path. Meanwhile, the kiwi inched up as traders awaited the Reserve Bank of New Zealand's monetary policy decision.

Virat Kohli opened up on two figures who helped him during his initial career and recalled the two «heartbreaks» he experienced during his peak of batting form back in 2016. Virat, representing Royal Challengers Bengaluru (RCB) in the Indian Premier League (IPL) will be in action against Chennai Super Kings (CSK) on Saturday at Bengaluru. With RCB at seventh place with six wins, seven losses and 12 points and CSK in the fourth place with seven wins, six losses and 14 points, this match is a knockout match that will decide which team gets to join Kolkata Knight Riders (KKR), Rajasthan Royals (RR), Sunrisers Hyderabad (SRH) in the playoffs. Speaking to JioCinema along with former cricketer Suresh Raina, Virat revealed that back in 2008 during the Emerging Players tournament in Australia, the then-chief selector Dilip Vengasarkar and Raina pushed his name for the national side. That tournament used to hold a lot of value back then since a lot of great talent would use that as a platform for getting a regular national spot. It was held from 2005-2011.

Mint had reported. The developments come amid liquidity concerns, prompted by challenges with Aggarwal's flagship business, Ola Electric, which has struggled to garner adequate investor interest for a listing before the ongoing Lok Sabha elections. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down.

Mahendra Singh Dhoni's captaincy, India lifted the last ICC title in 2013, the Champions Trophy, when they defeated hosts England in a rain-curtailed final. Under Dhoni's leadership, India clinched the 2007 and 2011 ICC Men's T20 World Cups. However, the country has not won an ICC trophy since 2013, though it did manage to reach the final of the home ODI World Cup last year and lost to Australia.

Kartik Gupta, chief financial officer (CFO) of ride-hailing major Ola Cabs, has exited the firm, just over two weeks after chief executive Hemant Bakshi stepped down. His exit is part of an ongoing restructuring at Ola Mobility, a company spokesperson told ET. “The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the person said.

Indian Express report, Chennai Super Kings coach Stephen Fleming might succeed Rahul Dravid as the coach of the Indian cricket team. Stephan Fleming, the former New Zealand captain, has held CSK's coach position since 2009, and the franchise won five IPL trophies under his guidance. The Indian Express mentioned some highly placed sources claiming that Stephan Fleming was seen as a suitable candidate after Rahul Dravid's contract ended.

science fiction drama genre has seen some interesting content till now on digital platforms but ‘Scavengers Reign’ has somehow stood out among them. However, the show seems to have faced the wrath of streaming platforms as it has been canceled for streaming on Max. ‘Scavengers Reign’ Season 1 was critically acclaimed upon its release which is based on a 2016 short film named Scavengers. HBO Max had announced the commencement of the franchise back in 2022 after which it premiered on Max on October 19, 2023, according to a Space.com report.

Air Vanuatu has filed for bankruptcy protection a day after it cancelled all international flights, stranding thousands of travelers

Air Vanuatu filed for bankruptcy protection on Friday a day after the South Pacific state-owned carrier cancelled all international flights, stranding thousands of travellers. The airline on Wednesday cancelled more than 20 flights to and from the Australian cities of Sydney and Brisbane, and the New Zealand city of Auckland for the rest of the week. The airline said it was the result of «extended maintenance requirements» on their aircraft. Ernst & Young Australia's Morgan Kelly, Justin Walsh and Andrew Hanson were appointed liquidators in an equivalent of a US Chapter 11 bankruptcy, the firm said in a statement. The liquidators said safety and maintenance checks would be made before normal operations resumed.

T20 World Cup will spread much-needed cricket awareness in the USA but eventually, it is the lure of competing in the 2028 Los Angeles Olympics that will attract local Americans to the game that is mainly played by expats, feels USA Cricket chairman Venu Pisike. USA is co-hosting the event alongside West Indies and the US team will also be making its World Cup debut when it faces neighbours Canada in the tournament-opener on June 1. The team is mainly made up of semi-professional cricketers of South Asian heritage with former New Zealand star Corey Anderson also switching allegiance to his adopted homeland of USA. Former Indian first-class cricketer Milind Kumar and former India U-19 player Harmeet Singh are also part of the squad. Speaking to PTI, Pisike agreed it is a major challenge to take cricket to the masses in USA.

HBO has revealed that Lady Gaga's concert special, Gaga Chromatica Ball, will premiere on Saturday, May 25, at 8 pm. The special will air on HBO and stream on Max. Where to Watch

International Cricket Council has secured a five-year contract with Sky for the New Zealand market, covering all ICC men's and women's events until the end of 2028. Under the new partnership, Sky will broadcast 16 international events, including the ICC Men’s and Women’s Cricket World Cups, the ICC Men’s and Women’s T20 World Cups, the ICC Champions Trophies, the World Test Championship Finals, and the U19 World Cups. The first of these exciting events commences in June with the ICC Men’s T20 World Cup 2024, hosted in the USA and the West Indies. This will be followed by the ICC Women’s T20 World Cup in Bangladesh in October and extend through to the ICC Men’s T20 World Cup 2028 in Australia and New Zealand.

dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high. The offshore yuan further retreated from a more than three-month high hit last week, helped by hopes of further policy stimulus from Beijing to shore up its economy. It last stood at 7.2247 per dollar.