Economy
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Primary Sector
Foresters seek head-start to prepare for harvest
Forest owners and contractors are hoping to start preparing machinery and logging sites ahead of the resumption of harvesting next week. Phil Taylor, president of the New Zealand Forest Owners’ Association, said a lot of good work had been completed in recent weeks developing...
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Finance
Banks to charge as little as 0.8% on govt-backed business loans
Some of the major banks will be charging very low interest rates, one as little as 0.8 percent, in lending under the $6.25 billion government finance guarantee scheme.
Markets
MARKET OPEN: Investors eye historic negative oil prices
The New Zealand share market may track Wall Street lower after US crude futures prices turned negative for the first time ever, raising question marks about the viability of global energy firms. The move by nations to shut down all activity has created a supply glut with nowhe...
Finance
Banks made $7.5b in new loans during lockdown
New Zealand's trading banks have provided businesses and consumers $7.5 billion in new loans since the country went into lockdown, with 13,559 business customers lent $5.5 billion and the balance going to 21,772 consumers.Another 13,549 business customers have moved to either...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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