Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Coronavirus
Bapcor grapples with Australian bushfires, NZ covid lockdown
Autoparts retailer Bapcor reported a “rollercoaster” year headlined by Australian bushfire, drought and the significant impacts of the covid-19 response on its New Zealand businesses. Chief executive Darryl Abotomey said while the impacts of the covid crisis on the autoparts b...
Coronavirus
Fletcher confirms $196m annual loss, CEO pay falls 40%
As foreshadowed last week, Fletcher Building confirmed an annual net loss of $196 million due to further provisions for legacy construction losses and the impact of the coronavirus crisis.And the annual report shows chief executive Ross Taylor's remuneration has also taken a...
Coronavirus
Rebecca Stevenson: REBECCA STEVENSON: We must test for covid before travel
The latest outbreak in Auckland, and resulting lockdown, shows how perilous our covid-free endeavour really is.
Coronavirus
Spectre of negative rates takes shine off kiwi dollar
Some of the shine is coming off the kiwi dollar as negative interest rates look increasingly plausible as the country grapples with another outbreak of covid-19. The kiwi fell to 65.37 US cents at 3:20pm from 65.73 at 8am, and was down at 90.63 Australian cents from 90.87 afte...
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