Economy
Explore the latest economy news by BusinessDesk
Property
Fast fibre key to attracting rich listers, Rod Drury says
Xero founder and former chief executive Rod Drury has renewed his call for a change to rules to allow wealthy foreigners to buy property in the country’s top destination drawcards.But, he said, any influx into areas such Queenstown or Hawke’s Bay would depend as much on excellent...
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Economy
‘Helicopter money’ among options in budget mix
Finance Minister Grant Robertson and his associates are considering whether to spray money out to the public to help tide them through the covid-19 crisis and looming recession. Robertson told the Mike Hosking Breakfast show on NewstalkZB that helicopter money – where money is...
Markets
MARKET OPEN: Wall Street bounce may cheer investors
Local markets may be cheered by a bounce on Wall Street on hopes more stimulus will be offered to help the US weather the impact of covid-19. The Dow Jones Industrial Average was up 2 percent at 8am in Wellington while the Nasdaq was up 2.8 percent and the S&P 500 was up 2.3...
Property
First home buyers, investors gain as mortgage restrictions lifted
The property sector has broadly supported the Reserve Bank removal of loan-to-value ratio restrictions, saying it would open up opportunities for first home buyers and property investors. The proposal, which would see removal of LVRs for at least one year, is intended to help...
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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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