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Coronavirus

Business-related coverage of the coronavirus outbreak and how it affects New Zealand.

ASB processing home loans at fastest pace since 2017
Jenny Ruth | Tue, 20 Oct 2020

New Zealand is enjoying a V-shaped recovery and, although not as strong, Australia's economy has exceeded expectations.

Govt seen as safe pair of hands – Ipsos poll
Staff reporters | Tue, 22 Sep 2020

A poll has indicated strong support for the Labour-led government’s handling of the covid-19 pandemic and shows most people perceive the party as the best to handle the majority of issues in NZ.The Ipsos New Zealand Issues Monitor uses a panel to track people’s views on issues. I...

RBNZ base bank stress test assumptions much worse than forecasts
Jenny Ruth | Thu, 17 Sep 2020

The Reserve Bank's base case used in stress testing of banks to gauge the impact of the coronavirus crisis was much worse than its current forecasts but, even so, the banks came through in a position to continue lending and without breaching current capital requirements. In it...

Heartland complains about share price as covid-hit profit falls 2.2%
Jenny Ruth | Thu, 17 Sep 2020

Heartland Group Holdings' annual net profit eased 2.2 percent after allowing $9.6 million to cover potential covid-19-related credit losses. However, the group expects to lift profit by as much as 18 percent in the current year as it grows its motor, business and reverse mortg...

NZ to stay at level 2 for another week: Ardern
Dan Brunskill | Mon, 14 Sep 2020

The regional alert levels will remain unchanged for now but will likely be eased next week.


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