New Zealand Financial News

Real estate stocks added 1.4%. Asia In Asian stock markets, Hong Kong’s Hang Seng Index climbed 2% at 18,484.03. China's Shanghai Composite jumped 1.2% at 3,135.89.

deadly substance online to those at risk of self-harm.York Regional Police Insp. Simon James told reporters on Tuesday that Kenneth Law has now been charged with a total of 14 counts of counselling or aiding suicide within the province of Ontario.James alleges Law operated several websites selling sodium nitrite — a substance which can be lethal in large doses.Sodium nitrite is a white, crystalline substance used as a food additive and typically found in processed meats.

New Delhi: India and New Zealand are discussing introducing Unified Payments Interface (UPI) in the island nation, which would promote ease of doing business, trade and tourism between both countries, the commerce ministry said in a statement on Tuesday. "Ministers (Indian and New Zealand trade ministers) welcomed early discussions between National Payments Corporation of India (NPCI) and Payments NZ regarding the Unified Payments Interface (UPI) system and agreed that both sides should continue deliberations on this issue," the statement said.

India and New Zealand have been exploring the possibility of introducing the Unified Payments Interface (UPI) in the island country with a view to promoting ease of doing business, trade, and tourism between the countries, the commerce ministry said on Tuesday. The two countries are also looking at ways to allow the import of wooden logs from New Zealand, PTI reported. These issues were discussed during a bilateral meeting between Commerce and Industry Minister Piyush Goyal and New Zealand's Minister for Trade and Export Growth, Damien OConnor, on Monday. «Ministers welcomed early discussions between the National Payments Corporation of India (NPCI) and Payments NZ regarding the UPI system and agreed that both sides should continue deliberations on this issue. They agreed that the introduction of UPI in New Zealand would promote ease of doing business between both countries and promote trade and tourism as well,» the ministry said. In 2022, the National Payments Corporation Of India (NPCI), the umbrella organisation offering UPI services, signed a memorandum of understanding (MoU) with France's fast and secure online payment system, called Lyra.

New Zealand said on Tuesday it would introduce legislation for a digital services tax on large multinational companies from 2025 after talks for a global rollout did not reach consensus at the Organization for Economic Cooperation and Development (OECD). More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals that are widely considered to be outdated as digital giants like Apple or Amazon can book profits in low-tax countries. But the proposal was pushed back last month after countries with digital services taxes, with the exception of Canada, agreed to hold off applying them for at least another year. «While we will keep working to support a multilateral agreement, we are not prepared to simply wait around until then to find out,» Finance Minister Grant Robertson said in a statement. «We don't think it's fair that everyday Kiwis pay their fair share of taxes but there's no tax liability for large multinationals.» The proposed digital services tax will target multinational businesses that earn income from New Zealand users of social media platforms, search engines, and online marketplaces. The tax would be payable by businesses that make over 750 million euros ($812 million) a year from global digital services and over NZ$3.5 million a year from digital services provided to New Zealand users.

Zip Co is still running a hefty annual loss but reported record transaction volumes and revenue, despite the discretionary spending slowdown, suggesting there may still be some life in the buy now, pay later sector.

FIBA Basketball World Cup, the USA have registered two initial wins, cruised past Greece, and have clinched the group round. Canada defeated France, who were eliminated on Sunday after yet another defeat at the hands of Latvia. Steve Kerr has coached Team USA and led by Anthony Edwards, Jalen Brunson, Jaren Jackson Jr. and Mikal Bridges led them. The US finished seventh in 2019 and they hope for a better result this year.

India has sought relaxation in certain visa requirements, reduction in the number of documents and fast tracking of the application processing time to allow easier and quicker mobility of its skilled professionals to Australia. The move is aimed at allowing direct entry of Indian workers into Australia instead of the current practice under which skilled workers are often routed through GCC nations or the UK, Ireland or New Zealand before they land up in Australia. Skills development minister Dharmendra Pradhan raised these issues in his meeting with the Australian healthcare and aged care minister Mark Butler recently as the two countries prepare to hold the seventh round of Australia-India Education and Skills Council meeting next month, people familiar with the deliberations told ET. Since India and Australia have already signed the mutual recognition of qualifications for education and skills, certain visa application requirements could also be looked into for more relaxation, India conveyed to Australia, citing the mandatory requirement to obtain a positive skills assessment from the Australian Nursing and Midwifery Accreditation Council or the Australian Community Workers Association if the candidate obtains the qualifications overseas. According to a senior official, India has also flagged the issue of cost of examination, saying it is very high and can affect the mobility of qualified workers at the round table with the Australian minister.

ICC 2023 ODI World Cup, set to take place in India this October-November. In an encouraging news for BCCI and ICC, tickets for non-India matches, released on the official ticketing platform BookMyShow at 8 pm on August 25, are selling like hotcakes.

Helloworld shares were sharply higher on Monday after the travel agent said it had swung back to a profit and that it would continue growing earnings as international travel rebounds.

SYDNEY (Reuters) — New Zealand said on Monday it would cut its future budget allowances, reduce spending on consultants and for some government programmes citing a deterioration in the global economy, and particularly in its largest trading partner China.

US Federal Reserve Chair Jerome Powell at Jackson Hole. The local currency opened at 82.55 a dollar as compared to Friday’s close of 82.65. The dollar eased from a 12-week peak as traders weighed the US monetary path after the Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months, Reuters reported.

Many women who work at McMurdo Station, the main United States research base in Antarctica, say the isolated environment and macho culture have allowed sexual harassment and assault to flourish

Many women who work at McMurdo Station, the main United States research base in Antarctica, say the isolated environment and macho culture have allowed sexual harassment and assault to flourish

Dual listed telecommunications business Chorus Limited has mandated ANZ, Citi, and Westpac to drum up interest in a potential seven-year medium term note.

Women's Equality Day, marking the victory of the women's suffarage moment. On this day in 1920, the United States government certified the 19th Amendment to the US Constitution. Prior to this amendment, a glaring gender-based disparity persisted.

Equality Day 2023: The historic day marks the victory of women, who constitute half of the population, to get voting rights in the USA in 1920. On this day, the 19th Ammendment to the US Constitution was officially certified in 1920. The amendment provided women the right to vote.

Epic Games’ video game, the Fortnite Chapter 4 Season 4, has been known to users for a while now. Reports say that the official story and/or Battle Pass trailer will be revealed during the Fortnite downtime. But there are some teasers and leaks on social media.

Indiabulls Housing Finance has repaid ₹2,232 crore of external commercial borrowings (ECBs) raised in 2018 from Barclays, Japan's MUFG and Sumitomo Mitsui Banking Corp, Taiwan's CTBC and Australia and New Zealand Banking Group (ANZ), bringing to an end a deleveraging process the company started after IL&FS had foundered in 2018. Chief executive Gagan Banga said with the repayment on Thursday, the company has repaid all of its $3 billion foreign currency borrowings availed of in the last few years and will now shift focus to growing its assets under management (AUM). «From here on our debt repayments are merely ₹400 crore to ₹700 crore a month. This will be more than comfortably covered by repayment from the loan portfolio.

Stakeholders in New Zealand are advocating for a gradual and meticulous strategy in regulating the crypto industry in the country. On the other hand, Singapore is embracing a proactive and comprehensive regulatory stance toward stablecoins.

Logistics group Qube warns that volumes of imported container goods are falling and growth will weaken this financial year after saying income earned from handling cars, grain and commodities helped lift annual net profit 32 per cent to $167.9 million in the year just ended.