Economy
Explore the latest economy news by BusinessDesk
Services
Ability to pivot is key – Icehouse
The ability to adapt into new business streams will be critical for the success of small and medium businesses in the “new normal,” Icehouse chief executive Gavin Lennox says. Lennox, marking his 90th day since taking over the reins of the country's largest business incubator...
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Finance
Small gains from lifting mortgage curbs worth it – RBNZ
The Reserve Bank expects the 12-month suspension on mortgage lending restrictions will encourage banks to let borrowers defer repayments if needed. The central bank is pressing ahead with plans to suspend its limits on high loan-to-value house lending after also considering ea...
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Coronavirus
NZ Rugby faces 70% revenue loss
Disruption caused by the covid-19 pandemic means NZ Rugby’s revenue for the 2020 calendar year may decline by up to 70 percent, stakeholders were told at the organisation’s annual meeting today. Chief operating officer Nicki Nicol said the previous year’s positive result – a l...
Markets
NZ dollar rides optimism on unproven covid-19 treatment
The New Zealand dollar rode a wave of optimism about a still-unproven covid-19 treatment which has been driving equities markets higher. At the same time, the market has been ignoring worse than expected US March-quarter GDP data and a downbeat economic assessment from the Fed...
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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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