MARKET OPEN: Will Labour govern alone?

Fri, 16 Oct 2020

New Zealanders are waiting to see whether the Labour Party will be able to govern alone after tomorrow’s election, and overseas jitters will also weigh on market sentiment. “On Saturday night we’ll know the result of the NZ general election, but polls show Labour in a commanding position and the only question being one of whether it will need the Greens to form a majority,” said BNZ senior strategist Jason Wong. The BusinessDesk Poll Tracker tool, which weights the outcomes of all publicly available polling, s...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy