Economy
Explore the latest economy news by BusinessDesk
Markets
Covid-19 back in focus as global concerns escalate
Covid-19 is back in focus and the local equity market may follow a tumble on Wall Street after California declared a state of emergency to combat the virus. “This emergency proclamation will help the state further prepare our communities and our health care system in the event...
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Infrastructure
Measles work has big end of town prepared for covid-19
The big end of town is well prepared for covid-19 having already laid the groundwork in response to the measles outbreak, according to the chair of the Prime Minister’s Business Advisory Council.Fraser Whineray, who is also outgoing chief executive at Mercury NZ, said the council...
Markets
Markets may lift as attention shifts to US politics from virus
Markets may fare better after Wall Street got an overnight lift when Joe Biden overtook Bernie Sanders to be the new front-runner for the Democratic presidential nomination. “In an otherwise gloomy week for US equities, the resurgence of Joe Biden in the race for the Democrati...
Finance
NZ dollar edges up; shock Fed cut weighs on greenback
The New Zealand dollar edged higher as a surprise interest rate cut by the Federal Reserve weighed on the greenback. The kiwi rose to 62.75 US cents at 5pm in Wellington from 62.66 cents yesterday. The trade-weighted index fell to 69.64 from 69.82. The greenback has dropped...
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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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