Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Coronavirus
Mortgage lending recovers but banks remain ultra-cautious
Mortgage lending recovered in May after shrinking in April for the first time on record, but mortgage brokers say the banks are still taking an ultra-conservative stance on lending criteria. Reserve Bank data released late yesterday showed mortgage lending in May totalled $4.3...
Coronavirus
Govt forsakes financial gain to facilitate faster 5G
The allocation of early access rights in the 3.5 gigahertz band for 5G services will be cheaper for telcos than it would have been pre-covid, but the government is willing to take the revenue hit if it means rolling out the service. The government had planned to auction off sp...
Coronavirus
NZ annual trade deficit smallest in six years
New Zealand's annual trade deficit was the smallest its been in almost six years in May, with the gap between exports and imports narrowing by $1.1 billion compared to April's annual numbers. Exports were up 1.3 percent at $60.09 billion in the 12 months through May, with gain...
Coronavirus
Green Cross suspends dividend to protect balance sheet through pandemic
Green Cross Health won’t pay a final dividend in an effort to protect its balance sheet through the covid-19 pandemic. The pharmacy chain franchisor and primary healthcare provider reported a net profit attributable to shareholders of $13.5 million in the 12 months ended March...
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