Economy
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Economy
Listed company capital raisings on ice but will be needed soon
Companies listed on NZX have been locking in liquidity and new debt lines over the past few weeks and their next step will be to raise equity to repair their balance sheets, exchange chair James Miller said.That's as they grapple with the impact of the global coronavirus crisis a...
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Economy
BusinessNZ, lawyers tell govt: relax insolvency law
While at least some of the major banks have said they will judge the solvency of companies wanting to borrow on their pre-coronavirus crisis financial position, lawyers are saying the government still has to relax insolvency law to ease the liability directors face.Other countrie...
Economy
Volatility eases overnight but tentative trading expected
Australian stock futures are pointing to a lift across the ditch and potentially here after a tidal wave of monetary and fiscal stimulus across the globe eased volatility on Wall Street. The Dow Jones Industrial Average was down 0.6 percent at 8am in Wellington, the Nasdaq was u...
Economy
Govt seeks shovel-ready projects for when shutdown ends
The government wants "shovel-ready" building projects to kick off as soon as the shutdown ends, just a day after Infrastructure New Zealand warned of steep job losses in the sector.Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones have tasked a gr...
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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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