Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Coronavirus
Largest GDP fall in 160 years is 1-in-30 year event for banks: RBNZ
The largest decline in annual GDP in at least 160 years may be only a one-in-30 year event for the country's banks, a Reserve Bank official says.
Coronavirus
Vista sees green shoots but has planned for the worst
Vista Group is starting to see a few green shoots of business revival but, when planning its recent $65 million capital raising, the company assumed cinemas globally would remain closed for the rest of 2020 followed by a slow reopening through 2021. "It was responsible to plan...
Coronavirus
Filled jobs fell in April, confidence survey points to more losses
A record number of people lost their jobs in April when much of the country was in lockdown and more job losses are expected, according to ANZ Bank’s latest business outlook survey. Filled jobs fell 37,500, or 1.7 percent, in the month of April as covid-19 and restricted tradi...
Coronavirus
Reduced toothfish catch impacts Sanford first half
Growth in Sanford's aquaculture business was not enough to salvage reduced longline volumes as the country's biggest seafood and fishing company was effectively frozen out of the important Antarctic toothfish grounds. With its deep-water San Aspiring ill-equipped to deal with...
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