Economy
Explore the latest economy news by BusinessDesk
Businesses start to crawl out of their despondency
Businesses haven't exactly snapped out of their gloom but are feeling better than they've been all year with farmers and retailers leading the charge, according to ANZ Bank's latest survey. It found a net 26 percent of businesses still expect business conditions to deteriorate...
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Finance
RBNZ wants to beef up puny prudential supervisory resources
The Reserve Bank of New Zealand says it will be increasing its scrutiny of financial institutions and raising its current very low prudential supervisory staffing levels, subject to funding constraints.Deputy governor Geoff Bascand, who is also financial stability general manager...
Primary Sector
Chinese demand for food drives export growth in October
Chinese demand for animal protein because of swine fever disrupting pork supply there drove another month of double-digit export growth for New Zealand firms selling into the world’s most populous nation. Exports to China rose to $1.5 billion in October, 22.8 percent more than...
Finance
Dairy loans being closely monitored by banks: RBNZ
A significant share of dairy loans are being closely monitored by banks, despite above-average dairy commodity prices and reasonable profitability across the sector as a whole, the Reserve Bank says in its latest financial stability report.But the prudential regulator says farmer...
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Pattrick Smellie
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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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