Economy
Explore the latest economy news by BusinessDesk
Primary Sector
Coronavirus fears weigh on dairy prices
Dairy product prices declined at the Global Dairy Trade auction on concern that the spreading coronavirus, which originated in China, will crimp demand. “Markets have been nervous that coronavirus and the associated practices to prevent spread of the virus will stop China buying,...
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Markets
MARKET CLOSE: New Zealand shares fall with coronavirus weighing on exporters
New Zealand shares fell today, led lower by export stocks as coronavirus continued to propel investor decision making. The S&P/NZX 50 Index declined 38.67 points, or 0.3 percent, to 11,511.49. Within the index, 25 stocks fell, 19 rose and six were unchanged. Turnover was $158....
Markets
NZ dollar steady after upbeat RBA forecasts but coronavirus casts a pall
The New Zealand dollar was little changed, hoisted up from its lows after the Reserve Bank of Australia came out with surprisingly strong GDP forecasts. However, the market remains consumed with ongoing concern about the economic impact of government efforts to try to contain...
Markets
Asian markets may tick up after Europe, US cheered by manufacturing activity
Asian markets may fare slightly better today after European and US investors were cheered by better manufacturing data, although the coronavirus will remain front of mind.Following the plunge in Chinese equities yesterday, Wall Street's S&P 500 Index rose 0.9 percent and Germany'...
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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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