Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Finance
ANZ Bank will also honour spirit of govt-backed business loans
New Zealand's largest bank, ANZ Bank, said it will also abide by the spirit of the government's $6.25 billion business finance guarantee scheme and will base its assessment of a firm's solvency on how they were performing before the coronavirus crisis and the nation's shutdown....
Economy
Covid-19 smashes business confidence
Covid-19 took a sledgehammer to business confidence, with local firms the gloomiest they have ever been in ANZ Bank’s latest survey.A net 26.7 percent of firms expect weaker activity for their own business, the lowest reading since the survey began in 1988 and down from 12 percen...
Economy
Strong NZ govt balance sheet about to blow out
A strong balance sheet will help the New Zealand government weather covid-19, although its latest accounts already showed signs of the pandemic's impact.“These results have reflected some of the covid-19 related impacts, mainly in relation to the significant losses impacting the...
Markets
Air NZ needs Kiwis flying once lockdown lifts to avert 'catastrophe'
Air New Zealand may have a government bailout, but the interest on its $900 million loan is more than double current mortgage rates and this year’s revenue will be less than 10 percent of what it expected.“Covid-19 has seen us go from having revenue of $5.8 billion to what is sha...
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