New Zealand Financial News

Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%.

central bank suggested that more rate hikes could be in the offing. The kiwi jumped more than 1% to hit a four-month peak of $0.6203 after the Reserve Bank of New Zealand (RBNZ) kept interest rates steady, as expected, but revised its official cash rate (OCR) track higher for 2024 and 2025, pointing to further tightening ahead. «Whilst the RBNZ were expected to hold, their statement struck a hawkish tone by stating that inflation remains too high,» said Matt Simpson, senior market analyst at City Index. The Australian dollar similarly scaled a four-month top of $0.6670, unfazed by domestic data showing inflation eased by more than expected in October as goods prices fell, while core inflation also edged down. The Antipodean currencies got a lift from a falling greenback, which tumbled to an over three-month low against a basket of currencies as bets grow that the U.S. Federal Reserve could begin cutting rates early next year. Fed Governor Christopher Waller — a known hawkish and influential voice at the central bank — on Tuesday flagged a possible rate cut in the months ahead, feeding market expectations that U.S.

By Rae Wee

Christopher Luxon has been sworn in as New Zealand’s prime minister and says his priority is to improve the economy

AFP looks at 10 standout numbers: The number of people around the world displaced by conflict or humanitarian crises was already at a record high before the Israel-Gaza war began on October 7, adding to the misery. By the end of September, 114 million people had been driven from their homes by wars in Ukraine, Sudan, Myanmar and the Democratic Republic of Congo and a humanitarian crisis in Taliban-run Afghanistan, among other factors, according to UN refugee agency the UNHCR. They have since been joined by at least 1.7 million Gazans. One heat record after another tumbled in 2023, which is on course to be the hottest year on record, according to the European Union's climate monitor Copernicus. The northern hemisphere had its hottest summer ever and temperature records were also smashed in the southern winter, with the Argentinian capital Buenos Aires experiencing its warmest August 1 on record at 30 degrees Celsius. Defending champions South Africa won a nail-biting final 12-11 against New Zealand in the Rugby World Cup, to claim a record fourth title and seal the growing role of rugby — once the sport of the white minority under apartheid — as a unifying force in multiracial South Africa. «People who are not from South Africa don't understand what it means for our country. It is not just about the game.

Christopher Luxon was sworn in as New Zealand's prime minister on Monday and said his top priority was to improve the economy. The 53-year-old former businessman leads a conservative coalition after his National Party struck a deal Friday with two smaller parties following a general election last month. After the swearing-in ceremony, which was presided over by Governor-General Cindy Kiro, Luxon told reporters the job was an «awesome responsibility.» He said he would hold his first Cabinet meeting Tuesday and look to quickly finalize a 100-day plan. He said he also planned a visit to Australia before Christmas Day. Luxon said he needed to get a Treasury briefing on the state of the government's finances. «We are concerned and worried that it's been a deteriorating picture for a number of months now,» Luxon said. Under the coalition agreement, Luxon has promised to deliver tax cuts and train 500 more police officers within two years.

IPL). Now, he has also been released by Chennai Super Kings (CSK) while the CSK management expressed their support for Stokes's decision. He plans to undergo knee surgery and aims for a complete recovery before England's extensive Test series in India.

By Jamie McGeever

Mumbai Indians are able to bring back Hardik Pandya from Gujarat Titans, it will be considered the biggest trade in IPL history. The deadline for retention and trading players by the teams is November 26, 2023. The auction of the tournament that will be played next year is on December 19 in Dubai.

World Cup 2023, Pakistani cricket has seen many changes, including the departure of Babar Azam in his role as captain. Shan Masood will be leading the side in his first assignment as Test captain. He was named Pakistan's captain for the ICC World Test Championship 2023-25 cycle after taking over the reins from Babar Azam last week.

New Zealanders can expect tax cuts, more police on the streets and less government bureaucracy, according to the three leaders who signed an agreement Friday to form a new government

ICC Men's World Cup 2023 and then apologizing for his controversial remark, former Pakistan all-rounder Abdul Razzaq is in the news again. And this time too, for all the wrong reasons. Razzaq launched a fresh tirade against the Indian cricket team after their defeat to Australia in the World Cup final.

Bulk Cargo transshipment hub in Atlanta Bay near Diglipur in Andaman and Nicobar Islands. This is in addition to the Rs 44,000 crore Galathea bay project near the Southern tip of the Great Nicobar Island for which bids are expected to be called next year. “Currently a jetty with 5 metre (m) draft is serving for berthing of inter-island vessels of 4.00 m draft…The feasibility study for developing Atlanta bay major Harbour is under process,” an official statement said. The Atlanta bay has a natural draft of 19/20 and is just 50m distance in sea.

European Union’s $100-billion scientific research program, called Horizon Europe.Trudeau offered little detail about Canada’s participation in the pact this evening as he welcomed the top two heads of the EU to Newfoundland and Labrador’s capital city of St. John’s for the 19th EU-Canada Summit.Trudeau also said during his opening speech that Canada has worked out a deal to build water bombers and ship them to the EU, after both regions faced devastating forest fires this past summer.European Council President Charles Michel says the two-day summit comes at a difficult geopolitical time, as war continues in Ukraine and Israel and Hamas fight in the Gaza Strip.He says the unrest underscores a need for Canada and the EU, two long-standing allies, to work together on issues from peace and security to fighting climate change.Trudeau is expected to hold formal meetings on Friday with Michel and European Commission President Ursula von der Leyen.Ottawa and Brussels started negotiations a year ago on Canada joining the Horizon Europe scheme, with the initial goal of signing an agreement this past spring that would be in place this calendar year.The program has seen countries such as New Zealand and Israel sign up for research projects partially funded by the EU, involving themes like the digital industry, health care and climate innovation.Entrepreneurs from the St.

King Charles III honored the K-pop band Blackpink

NDTV Sports quoted Gavaskar writing in his column for Sportstar. ALSO READ: 'I want to see Rohit Sharma as captain..': Gautam Gambhir after reports of him shunning cricket's shortest format In the semi-final clash with New Zealand at Mumbai's Wankhede Stadium, India won the match by 70 runs, where pacer Mohammed Shami bagged seven wickets on a pitch deemed helpful for spinners.

BCCI, this final match also signals the conclusion of Rahul Dravid's tenure as the head coach of the Indian team, as his two-year contract concludes with the World Cup, a TOI report stated. The Board of Control for Cricket in India (BCCI) has received confirmation from multiple sources that Rahul Dravid has chosen not to extend his role as the head coach, and he has communicated this decision to the BCCI. As a result, VVS Laxman, currently heading the second-string Indian team and serving as the head of the BCCI's National Cricket Academy in Bengaluru, is poised to step into the role. «Laxman has expressed his keenness for the job.

World Cup 2023. Kohli, who was awarded as the World's Cup Player of the Tournament, has jumped from the fourth position to the third. The star batter shined with 765 runs and three centuries during the tournament.

New Zealand-based crypto exchange Easy Crypto and Australian blockchain firm Labrys launched a new NZ dollar-pegged stablecoin on Wednesday.

There’s no time like the day before the pivotal Origin Energy vote to mount another high-profile campaign.

A $3.75 billion deal for pharmaceutical and animal goods distributor EBOS to buy pet food and veterinary business Greencross has collapsed at the last minute after tepid investor support for funding the acquisition.