Economy
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Markets
King Salmon halts China exports amid Beijing covid outbreak
New Zealand King Salmon has temporarily suspended exports to China after salmon products from around the world were removed from Chinese supermarket shelves and restaurant menus following an investigation into a covid-19 case in a Beijing market. According to news reports, a n...
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Economy
Three developments shift Treasury's view on economy
Three major developments since the May Budget have changed the Treasury's view on how things are unfolding due to covid-19, according to Secretary Caralee McLiesh. The Treasury’s economic scenarios for the budget were finalised on April 17 and it still expects the New Zealand...
Economy
Current account deficit narrows as expected
The annual current account deficit narrowed to $8.5 billion, or 2.7 percent of GDP, in the March quarter, meeting economists’ expectations. That compared to a deficit of $9.3 billion, or 3 percent of GDP, in the December period. An increase in exported goods underpinned the small...
Services
SkyCity to raise $230m of fresh equity, suspends dividends
SkyCity will raise $230 million in fresh equity and has suspended future dividends until at least June next year as part of a plan to strengthen its balance sheet post- coronavirus crisis.
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Pattrick Smellie
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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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