Coronavirus

Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Airways put 'cost savings above safety' - union
Coronavirus

Airways put 'cost savings above safety' - union

The aviation industry has outlined “serious safety concerns” to Airways New Zealand’s proposal to remove air traffic services from seven regional airports. In its application to the Employment Relations Authority last week, the New Zealand Airline Pilots’ Association, which re...

Brent Melville 13 May 2020
S&P expects NZ banks' covid-19 losses to peak at $4.7b
Coronavirus

S&P expects NZ banks' covid-19 losses to peak at $4.7b

Credit rating agency Standard & Poor's expects New Zealand 'big four' banks' collective covid-19-related losses will peak at about $4.7 billion but they're well-placed to absorb such losses so it shouldn't affect their capital positions. The international ratings agency has ma...

Jenny Ruth 13 May 2020
MARKET OPEN: All eyes on the RBNZ
Coronavirus

MARKET OPEN: All eyes on the RBNZ

Domestic markets will be waiting to see just how many government bonds the Reserve Bank plans to buy and whether interest rates could fall into negative territory to help New Zealand weather the economic fallout from covid-19. The bank's monetary policy committee is due to pub...

Rebecca Howard 13 May 2020
Covid-19: doom or boom for city office space?
Coronavirus

Covid-19: doom or boom for city office space?

Some have rushed to judgement that the coronavirus crisis spells the end of the office as we know it.

Jenny Ruth 13 May 2020