Economy
Explore the latest economy news by BusinessDesk
Law & Regulation
ACC to delay $900m of levy invoices to ease cashflow burden
Accident Compensation Corp will put off sending out $900 million of invoices to firms and sole traders for three months to help tide them through the cashflow crunch caused by the covid-19 crisis.The state-owned workplace insurer said invoices for the 2021 financial year that are...
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Law & Regulation
Bell Gully, BDO, Baker Tilly take up wage subsidies
Big-six law firm Bell Gully has joined the group of professional services firms getting government handouts, as smaller accounting practices BDO and Baker Tilly Staples Rodway have also taken the funds. Last week BusinessDesk reported on how big law firms including MinterEllisonR...
Markets
MARKET OPEN: Chinese economic data may keep trading tentative
A small rise on Wall Street may set the tone for tentative domestic trading while China’s economic data will be the key focus today. The Dow Jones Industrial Average was up 0.1 percent at 8am in Wellington, while the S&P 500 was up 0.6 percent. The Nasdaq rose 1.7 percent, ben...
Finance
Anomalies in share trading ahead of capital raisings
The market is getting the rash of deeply discounted capital raisings it expected as the coronavirus crisis ravages the economy, but a few strange anomalies in share trading ahead of announcements are already evident.Take Vista Group International's $65 million raising announced o...
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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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