Economy

By Rebecca Howard | Thu, 20 Feb 2020

Markets may be cheered by a slowing in the number of reported covid-19 cases and talk of further economic stimulus from China. “Covid-19 continue to dominate the global financial landscape overnigh...

By Rebecca Howard | Tue, 18 Feb 2020

Markets are likely to be muted, with investors keeping an eye out for coronavirus headlines absent any stronger offshore leads. US markets were closed overnight for a holiday and trading was quiet...

By Pattrick Smellie | Mon, 17 Feb 2020

The coronavirus outbreak is provisionally forecast to knock between 0.2 percent and 0.3 percent off New Zealand's economic growth rate this year, Prime Minister Jacinda Ardern said after a briefing fo...

By Paul McBeth | Mon, 17 Feb 2020

Travel restrictions imposed on Chinese visitors are expected to exacerbate the decline in New Zealand’s second-biggest pool for tourists. Short-term Chinese visitor arrivals fell 9.2 percent to 407...

By Rebecca Howard | Mon, 17 Feb 2020

New orders boosted services sector activity to its highest level in almost two years last month, but covid-19 has yet to bite. The BNZ-BusinessNZ performance of services index lifted to a seasonall...

By Jenny Ruth | Mon, 17 Feb 2020

Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 4...

By Rebecca Howard | Fri, 14 Feb 2020

Manufacturing activity contracted for a second month in January but the sector seems fairly sanguine about the covid-19 virus so far. The Bank of New Zealand-BusinessNZ performance of manufacturing...

By Rebecca Howard | Thu, 13 Feb 2020

The Reserve Bank knows it’s more upbeat on growth than market economists but says New Zealand’s current conditions back up its view.Yesterday, the central bank put the kibosh on any idea that it might...