Economy
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Markets
Air NZ needs Kiwis flying once lockdown lifts to avert 'catastrophe'
Air New Zealand may have a government bailout, but the interest on its $900 million loan is more than double current mortgage rates and this year’s revenue will be less than 10 percent of what it expected.“Covid-19 has seen us go from having revenue of $5.8 billion to what is sha...
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Markets
Investors may be cheered as Italian virus cases slow
A smaller number of new covid-19 cases in Italy may put local investors in an optimistic mood today, following a positive lead on Wall Street, where markets remain buoyed by a massive stimulus programme. There were 4,050 new infections in Italy in the past 24 hours, down from...
Finance
Kiwibank to honour spirit of govt-backed business loans
Kiwibank intends to abide by the spirit of the government's $6.25 billion business finance guarantee scheme and will be assessing borrowers' solvency based on how they were performing before the nation's shutdown.While the business community is calling on the government to relax...
Economy
RBNZ addresses commercial paper market issues
The Reserve Bank’s latest move to promote liquidity and stability in New Zealand’s financial markets is aimed at addressing issues in the so-called commercial paper market. “There had been signs the market was not functioning properly,” Reserve Bank assistant governor Christian H...
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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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