Economy
Explore the latest economy news by BusinessDesk
Finance
ANZ cuts its one-year mortgage rate as ASB raises
ANZ Bank rightfully grabbed some headlines late Wednesday when it slashed its one-year fixed mortgage rate to the lowest in the market.What flew under the radar was that ASB Bank inexplicably raised its one-year fixed rate the same day.ANZ was reacting to falling wholesale intere...
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Markets
NZ dollar flirts with Aussie parity; markets in freefall
Markets remain in freefall as investors continue to panic about the long-term impact of covid-19 on the global economy while the kiwi briefly touched parity with the Australian dollar. The Dow Jones Industrial Average was down 8.7 percent at 8am in Wellington, while the Nasdaq...
Economy
China returns to work; freight roadblocks mount in Europe
About 80 percent of companies in China are now back up and running with manufacturing taking a little longer to revive following that country's coronavirus lock-down, according to New Zealand Trade & Enterprise."Every day and every week, there's more and more production coming ba...
Economy
Free
NZTE exporter advice service to manage virus risk
New Zealand Trade & Enterprise has earmarked $4 million of its existing budget to fund a professional advice service to established exporters to help them manage through the coronavirus pandemic.Each exporter who applies will be given a voucher for up to $5,000 per business to ga...
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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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