New Zealand Financial News

U.S. stocks had investors looking for safety and as an unexpected fall in British inflation hit the pound. Sterling suffered its sharpest drop in two months overnight after British inflation dived below forecasts to an annual 3.9% in October, its lowest for two years. Traders scrambled to price rate cuts by May and the currency dropped 0.7% to $1.2638.

London-based fintech firm Revolut has launched cryptocurrency trading services in New Zealand. Starting today, customers in the country can buy, sell, and hold over 100 different digital currencies on the Revolut app.

All three hires are based in Singapore and report to global head of sustainable investment Natalia Rajewska.

An Australian court has ordered Airbnb to pay a 15 million Australian dollar ($10 million) fine, and the accommodation rental company could pay as much again in compensating customers who had been unaware they were being charged in U.S. rather than Aus...

Premier League (IPL) being held in Dubai’s Coca-Cola Arena. Cummins, also Australia’s cricket captain, was sold first to Sunrisers Hyderabad for a record-breaking ₹20.5 crore. But soon enough, he was pipped to the peak by mate Starc, who went to Kolkata Knight Riders for ₹24.75 crore after a mighty bidding war with Gujarat Titans.

Premier League (IPL) as the most expensive player in history. Kolkata Knight Riders secured his services with a whopping bid of Rs 24.75 crore in Tuesday's players' auction. Starc surpassed the previous record held briefly by Australia captain Pat Cummins, who was bought by Sunrisers Hyderabad for Rs 20.50 crore.

₹143.4 crore. This includes 14 overseas players. Considering the list of expensive players auctioned this year, this time 7 overseas players were the favourites, and only 4 Indian players were bagged for over ₹5 crore mark.

Premier League (IPL) at the auction in Dubai on Tuesday. He was bought by Kolkata Knight Riders (KKR) for ₹24.75 crore, breaking the record of Pat Cummins who was picked up for ₹20.5 crore by Sunrisers Hyderabad barely an hour ago. Ten teams, 332 players and only 77 available slots.

IPL auctions 2024: The IPL teams are engaged in some intense bidding war in Dubai and the numbers are looking phenomenal in the IPL auction 2024. Australian skipper Pat Cummins was picked up by the Sunrisers Hyderabad for a whopping ₹20.5 crore, making him the most expensive player in the history of IPL. As the deal was sealed, social media was abuzz with reactions with users questioning the rationale of the team, who purchased Sri Lankan all-rounder Wanindu Hasaranga for just ₹1.5 crore.

NEW DELHI : Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, on Monday announced a complete integration of the acquired Vitaris’ biosimilars business in 120 countries, a year ahead of schedule. The firm had acquired the American pharmaceutical company’s biosimilars business in November 2022.

Biocon Biologics completes integration of Viatris' biosimilar business in 120 countries Biocon Biologics on Monday said it has completed integration of the acquired Viatris' biosimilar business in 120 countries, a year ahead of schedule. The company said over 10 emerging markets along with Japan, Australia and New Zealand have transitioned in this final phase of the integration of the biosimilars business acquired from Viatris. With the completion of this significant milestone, Biocon Biologics is now a fully integrated ‘lab to market’ biosimilars company committed to serving millions of patients across the globe. Around 70 emerging markets were integrated in July, the North America business transitioned in September and the European business in November. Biocon Biologics has made several key leadership appointments, built new capabilities and infrastructure from the ground up and set up dedicated teams to address the growing needs of patients and customers through self-led and partner or distributor-led commercial models. Biocon Biologics will now have a commercial footprint across 120 countries with a direct presence in the US, Canada, Europe and 9 key emerging market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.

FanCode will exclusively livestream the latest edition of Dream11 Super Smash 2023-24, New Zealand's T20 league beginning on December 19, 2024, the company said on Monday. The Super Smash features six men’s and women’s teams.

Mumbai Indians replaced Rohit Sharma as the captain and named Hardik Pandya as the new captain. Coming back to the IPL 2024 auction, as per statement issued by the IPL, “Out of 333 players, 214 are Indians and 119 are overseas players of which 2 players are from associate nations.

BSE Sensex was valued 24.8 times the earnings of its 30 constituents. This average monthly price-to-earnings (PE) ratio of the Sensex has been higher than this only about 20% of the time since 1990. While it has delivered gains even at higher valuations, some of the corrections have been brutal—the Harshad Mehta securities scam in 1992, the dotcom crash in 2000, and the US financial contagion in 2008.

The official list that was released by IPL includes names of star debut players such as New Zealand's Rachin Ravindra who received widespread acclaim during his stint at the ICC World Cup 2023. Along with him, there are other players that cricket enthusiasts are excited about. Read More: IPL Auction 2024: Check date, time, streaming platform and everything else you need to know Top five debut players to look out for at auction:

California-based Rocket Lab has launched a Japanese satellite from the space company's complex on New Zealand’s Mahia Peninsula

Hyderabad with a rank of 153, Pune at 154 and Bengaluru in the 156th position are the three highest placed among Indian cities in Mercer's worldwide quality of living ranking for 2023 which rates Vienna in Austria at the top of the list. Chennai is the fourth Indian city in the list at the 161 spot followed by Mumbai at 164. Kolkata (170) and New Delhi (172). Mercer's Quality of Living data assesses the practicalities of daily life for expatriate employees and their families in assignment locations worldwide. Vienna retained its top position in the list, which was last published in pre-Covid 2019.

The dollar rose about 0.9% on the yen overnight. At 145.96 yen it is about 3% above a low touched last week after remarks on the challenging outlook from Bank of Japan Governor Kazuo Ueda were taken as a hint that a policy shift was imminent. Bloomberg reported on Monday, citing sources, that BOJ officials see little need to rush out of negative rates, triggering a reversal of the yen's rally and gains in Japan's stock and government bond markets.

Minister of State in the Ministry of External Affairs V Muraleedharan told the Rajya Sabha on Thursday, “403 incidents of death of Indian students abroad have been reported since 2018." Various reasons for the death include "natural causes, accidents and medical conditions". The minister also shared country-wise details of Indian student deaths abroad since 2018. Canada topped the chart with 91 deaths reported since 2018, followed by the United Kingdom with 48 deaths, Russia with 40 deaths, the United States of America (USA) with 36 deaths and Australia with 35 deaths.

Bangladesh wicketkeeper-batter Mushfiqur Rahim on Wednesday became only the 11th player in Test cricket history, and first in 22 years, to be given out for "obstructing the field" on the opening day of the second match against New Zealand here. Rahim, who became the first Bangladesh batter to be dismissed in this way, blocked a climbing delivery from New Zealand pacer Kyle Jamieson in the fourth ball of the 41st over, and then tried to keep the ball away with his right hand even though it was far from the off-stump. The Kiwis quickly appealed and the on-field umpires referred the matter to the TV umpire Ahsan Raza who gave Rahim out.

Visa has unwrapped an overview of payment trends observed during recently concluded ICC Men's Cricket World Cup 2023. As per Visa’s data, there has been a 12.5% growth in contactless cross border transactions during the World Cup as compared to July 2023, before the festive season began.