Economy
Explore the latest economy news by BusinessDesk
Markets
MARKET OPEN: Weak IMF outlook likely to temper investor optimism
Another positive session on Wall Street may help investor sentiment, although gains may be tempered as the International Monetary Fund slashes global growth forecasts. Wall Street gained as the US moves toward a partial reopening of its economy. White House adviser Larry K...
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Finance
Govt to forego billions in tax for firms facing covid losses
Previously profitable companies that face losses because of the covid-19 pandemic will be allowed to claim forecast losses against previously declared profits in a move the government expects will cost between $1.2 billion and $1.9 billion a year during the next two years.Also in...
Law & Regulation
Health insurer to kick back $50m in premiums
Health insurer Southern Cross says it will give its members and business customers a $50 million discount on premium payments.The society, which runs a network of 19 private surgical hospitals, said it will apply a 4.5 percent discount to each policy’s premium “as soon as possibl...
Markets
Brian Gaynor: BRIAN GAYNOR: Covid-19 is much bigger than the GFC
The Treasury’s latest economic forecasts clearly illustrate that this isn’t just another global financial crisis.The latest crisis has been caused by a ‘once in a century public health shock’ whereas the late 2000s GFC had its origins in shonky finance sector activities, which in...
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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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