Businesses start to crawl out of their despondency

Jenny Ruth
Thu, 28 Nov 2019

Businesses haven't exactly snapped out of their gloom but are feeling better than they've been all year with farmers and retailers leading the charge, according to ANZ Bank's latest survey. It found a net 26 percent of businesses still expect business conditions to deteriorate in the next 12 months but that's a good deal better than October's reading of a net 42 percent and September's 54 percent. "While still not a great level, this is the highest read in 2019," says ANZ New Zealand chief economist Sharon Zollner. And a net 13 percent...
Markets
NZ dollar stalls awaiting details of China response to US
Jenny Ruth | Wed, 15 Jul 2020

The New Zealand dollar was little changed as the market awaited China's response to the United States rejecting most of its claims in the South China Sea and after more hype about potential coronaviru...

Policy
Auckland Council needs to fill $750m shortfall
Brent Melville | Wed, 15 Jul 2020

Auckland Council is facing a "larger than expected" fiscal hole of $750 million this year, including a provision of $224 million to shore up its creaking water infrastructure. In announcing its dec...

Retail
Ardern hints at mandatory contact tracing for businesses
Victoria Young | Wed, 15 Jul 2020

Prime Minister Jacinda Ardern today warned businesses to encourage contact tracing or she might force it upon them. “My message to businesses is to put that poster up. We’ve always said it was volu...