DAVOS, Switzerland (Reuters) – India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday.FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoAlthough India’s central bank has backed a ban on cryptocurrencies over risks to financial […]

WELLINGTON (Reuters) – New Zealand’s government on Thursday increased income support and promised significant investment in the health sector while forecasting that returning the budget to surplus would take longer than previously forecast.FILE PHOTO – Cranes located on construction sites are seen in central Auckland, New Zealand, June 25, 2017. REUTERS/David GrayThe deficit for the current financial year, ending on […]

(Reuters) – Consumer inflation in Russia accelerated in April to 17.83% in year-on-year terms, its highest level since January 2002, data showed on Friday, as it got a boost from the volatile rouble and unprecedented western sanctions that disrupted logistics chains.FILE PHOTO: A general view shows the Central Bank headquarters in Moscow January 30, 2015. REUTERS//But monthly inflation slowed to […]

WASHINGTON (Reuters) – U.S. import prices were unexpectedly flat in April as a decline in the cost of petroleum offset gains in food and other products, a further sign that inflation has probably peaked, though it will remain elevated.Slideshow ( 2 images )The unchanged reading in import prices followed a 2.9% surge in March, the Labor Department said on Friday. […]

NEW YORK (Reuters) – Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation to $8.6 billion.The logo of Chainalysis is seen on their exhibition stand at the Delta Summit, Malta’s official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta’ Qali, Malta October 3, 2019. REUTERS/Darrin Zammit […]

DGL Group says it will appoint an advisory firm to conduct a “thorough, independent” review of its culture after its chief executive, Simon Henry, called celebrity chef Nadia Lim “a bit of Eurasian fluff”. It also intends to review the company’s senior executive pay structure. The company’s remuneration committee would come up with a plan to implement “a balanced scorecard […]

Auckland Airport is spending $300 million on a transport hub and setting aside land for light rail near its international terminal. The company is also installing a $100m new smart baggage hall and system designed to transform luggage handling as part of a planned combined domestic and international terminal. Built to double height, the ground floor of the four-storey building […]

FILE PHOTO: A person shops at a Trader Joe’s grocery store in the Manhattan borough of New York City, New York, U.S., March 10, 2022. REUTERS/Carlo Allegri(Reuters) – U.S. consumers’ inflation expectations one year from now dipped in April but their view of inflation over the medium-term rose and household spending expectations also climbed to a record high, according to […]

The United States Federal Reserve’s economical interest rate rise triggered a new surge on Wall Street and a solid gain for the New Zealand sharemarket. There was relief, that sprung around global markets, when the Fed overnight raised its cash rate 50 basis points to a range of 0.75 — 1 per cent, instead of increasing by 75 basis points. […]

BEIJING (Reuters) – The decline in Chinese factory activity likely steepened in April, a Reuters poll showed, as extensive lockdowns halted production and disrupted supply chains, boding ill for the economic outlook in the second quarter.FILE PHOTO: A worker works at Xunxi factory, which is an affiliate of Chinese e-commerce giant Alibaba, during a media tour, in Hangzhou, Zhejiang province, […]