Coronavirus

Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
'Little lasting impact' if lockdown short, below level 4: Westpac
Coronavirus

'Little lasting impact' if lockdown short, below level 4: Westpac

A short period of lockdown at alert levels 2 and 3 "would have little lasting economic impact," say Westpac economists.

Pattrick Smellie 14 Aug 2020
MARKET OPEN: It's all about the possible lockdown extension
Coronavirus

MARKET OPEN: It's all about the possible lockdown extension

Domestic investors waiting to see whether current lockdown restrictions will be extended and weak trading on Wall Street won’t spur much enthusiasm. A further 13 community transferred cases of covid-19 were identified in Auckland yesterday and more positive cases are regarded...

Rebecca Howard 14 Aug 2020
Bancorp's clients face credit crunch and higher costs
Coronavirus

Bancorp's clients face credit crunch and higher costs

Bancorp New Zealand's clients are finding it more difficult to get bank credit and, when they do get it, they're having to pay between 0.35 percent and 1 percent more for loans, said managing director Craig Brownie. "Bancorp has seen a widening of spreads compared to pre-covid...

Jenny Ruth 14 Aug 2020
PATTRICK SMELLIE: Covid's other resurgence: rumour, conspiracies and doubt
Coronavirus Free

PATTRICK SMELLIE: Covid's other resurgence: rumour, conspiracies and doubt

With the re-emergence of covid-19 community transmission and the sudden return to higher lockdown alert levels, the arguments that dominated the first period of lockdown are re-emerging too. The so-called Plan B group, which argues that lockdowns don't work and cause needless...

Pattrick Smellie 13 Aug 2020