Economy
Explore the latest economy news by BusinessDesk
Markets
Buyers queue up for NZ govt bonds; RBNZ expands QE
The local government bond market got a major boost today with rampant demand for 2031 New Zealand government bonds and the Reserve Bank expanding its own bond-buying programme by 10 percent. The Treasury announced that an additional $3.5 billion of May 15, 2031 New Zealand govern...
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Infrastructure
Power futures slide on weak demand outlook
Electricity futures fell further yesterday as generators and industry reassessed the demand outlook and the Pohokura gas field returned to full production sooner than expected.The April Otahuhu electricity contract fell 6 percent to $46 a megawatt-hour yesterday. The June-quarter...
Coronavirus
LIC shareholders reject plan to buy agri-tech company stake
Covid-19 uncertainty was too big a hurdle for Livestock Improvement Corporation shareholders today as they rejected a deal to buy a stake in Israeli dairy farm management firm Afimilk Agricultural Cooperative.LIC had sought shareholder approval to acquire a 50 percent stake for $...
Markets
A quarter of New Zealand's pilots face redundancy
Almost a quarter of the country’s 2,400 pilots may be out of a job unless the New Zealand Airline Pilots’ Association can bring that number down.Air New Zealand is looking to make 387 pilots redundant as part of massive cost-cutting measures after it slashed capacity to around 5...
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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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