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12 Oct 2024

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New Zealand could have a digital currency by 2030
A digital currency would spur innovation and competition, said Reserve Bank head of money and cash Ian Woolford.

ArborGen Holdings Announces Interim Result
The Board of ArborGen Holdings Limited (NZX: ARB) is pleased to present the Interim Report for the six months ended 30 September 2022. All dollar values are in US currency unless otherwise stated

Bank of England intervenes as Britain enters 'financial crisis territory'
The central bank of the United Kingdom has announced a drastic intervention in an attempt to stabilise the country's panicking financial markets and struggling currency.Last Friday the British government, led by the relatively new...

Citizenship NFTs: Crypto-currency paradise planned for Vanuatu's 'Satoshi' Island
By RNZ A tiny island off Vanuatu's Espiritu Santo Island could become a haven for people who want to live exclusively in a digital world.What was Lataro Island is now called Satoshi Island - Satoshi being a word that has become...

Ukraine War: Ruble crashes to less than one cent as MOEX Russia Index remains closed
The Russian ruble is now worth less than a cent against the United States dollar.The plunge will further punish Russians, pushing up the price of many goods and services.The currency has been in free fall after the West imposed...

Epic crypto-currency hack ruins Sydney man's retirement plans
A Sydney couple will have to retire seven years later than planned after they lost more than $100,000 in a shocking scam.Manu Kundra and his wife Shallu, 49, were devastated when they logged onto their cryptocurrency exchange in...

Ransomware attacks and crypto-currency scams on the rise
Cert NZ reiterates advice not to pay ransoms.

Monday Thoughts: Is it the end of fiat currency?
OPINION: ‘Fiat currency’ is money issued by a government or central bank where you have no right for it to be converted into gold or any other asset.

Fisher & Paykel Healthcare Corporation Limited (NZX: FPH) Record Full Year Result for FPH: Net Profit Up 82%
FPH today announced its results for the full year ended 31 March 2021. Operating revenue was $1.97 billion, up 56% or 61% in constant currency. Net profit after tax was $524 million, up 82% over the previous financial year, or 94% in constant currency

Consultation opens on a digital currency for New Zealand
The Reserve Bank of New Zealand – Te Putea Matua is continuing its exploration of a central bank digital currency

NZ dollar drops down world currency rankings
The NZ dollar has dropped to 14th place in the world's most traded currency rankings from 10th, according to a Bank of International Settlements (BIS) survey.The triennial survey took place in April and involved central banks and...

Warning of recession, currency impact if foot-and-mouth spreads to New Zealand
RNZ New Zealand's economy could take a severe hit in the event of an outbreak of foot-and-mouth disease in the country, an economist says.It comes after the livestock disease was discovered in Indonesia in May, and last week...

Russia-Ukraine War: Russian ruble bounces back to pre-invasion levels
Russia's ruble has recovered nearly all of its value after crippling sanctions in the wake of the invasion of Ukraine last month sent the currency plummeting to less than one cent against the US dollar.The ruble was trading at around...

Fisher & Paykel Healthcare Corporation Limited (NZX: FPH) announces result for the first half of FY22
FPH today announced its results for the first half of the 2022 financial year. Net profit after tax for the first half was $222 million, a 2% decline from the prior comparable period, or a 1% decline in constant currency

Bitcoin jumps on speculation that Amazon considering crypto
Bitcoin's price surged again Monday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a "digital currency and blockchain product lead."Bitcoin jumped more than 14 per cent in the...