Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Markets
Air NZ targets domestic, Tasman routes as earnings fall 8.8%
Air New Zealand said it will look to stoke demand on its domestic and trans-Tasman routes to counter the impact of the coronavirus outbreak on international demand.The airline reported pre-tax earnings before major items of $198 million in the six months ended Dec. 31, down 8.8 p...
Economy
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Coronavirus to impact economy through 2020: Robertson
Coronavirus is likely to affect New Zealand's economy through 2020, rather than being a short, sharp shock in the March quarter, Finance Minister Grant Robertson said."The best-case scenario was that the containment option would work. That appears to be working in China but it's...
Markets
A2 Milk, Air NZ to report; covid-19 dominates sentiment
Local earnings reports will garner investors’ attention but ongoing concerns about the global spread of the covid-19 virus will remain the dominant driver in markets today. Heavyweights A2 Milk and Air New Zealand are both due to report today, and both have significant exposur...
Economy
Suddenly, markets see two RBNZ rate cuts this year
Worsening global sentiment over the spread of the coronavirus, or covid-19, has pitched New Zealand financial markets traders from expecting no interest rate cuts by the Reserve Bank in the foreseeable future to pricing in at least one and possibly two cuts to the official cash r...
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