Economy
Explore the latest economy news by BusinessDesk
Coronavirus
Auck Airport slashes guidance on Trump travel ban; THL ditches forecast
Auckland International Airport has slashed its full-year earnings guidance by as much as 22 percent and Tourism Holdings has withdrawn its forecast altogether because of the economic uncertainty created by the coronavirus crisis.The downgrades come as the iconic US Dow Jones inde...
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Markets
More pain coming as Trump travel ban slaps down stock markets
Markets may tumble further today after Wall Street saw its worst day of trading in decades in the wake of US President Donald Trump’s ban on travel from Europe.The S&P 500 was down 7.5 percent at 8:10am in Wellington, while the Dow Jones Industrial Average dropped 7.9 percent and...
Infrastructure
Auckland Airport shares halted as it weighs up travel ban
Trading in Auckland International Airport shares has been halted while the country’s main gateway works out what a ban on travel from Europe to the US means for its business.The company sought the halt just before 4pm, with the shares down 8.1 percent at $7.73. Like other travel-...
Policy
RBNZ can bide its time as govt provides targeted assistance
The government is already providing targeted assistance to help businesses weather the impact of covid-19, giving the Reserve Bank time to evaluate before making a move, said deputy governor Geoff Bascand.“We want to be considered and think through this a little more,” he told Bu...
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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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