Economy
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Economy
Insurers largely prepared for covid-19 - RBNZ
Insurers are largely prepared to deal with the fallout from the coronavirus outbreak, says Reserve Bank deputy governor Geoff Bascand. The central bank was satisfied with the response by the nation's lenders when it asked about their risk management plans and general preparations...
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Economy
Auckland airport numbers suggest exports are hurting more than imports
Cargo through Auckland International Airport was already down before the coronavirus crisis began but early indications are that the decline is accelerating, according to chief executive Adrian Littlewood.So far, export volumes appear to be suffering the most.The airport has prov...
Economy
Auck Airport slashes guidance on Trump travel ban; THL ditches forecast
Auckland International Airport has slashed its full-year earnings guidance by as much as 22 percent and Tourism Holdings has withdrawn its forecast altogether because of the economic uncertainty created by the coronavirus crisis.The downgrades come as the iconic US Dow Jones inde...
Markets
More pain coming as Trump travel ban slaps down stock markets
Markets may tumble further today after Wall Street saw its worst day of trading in decades in the wake of US President Donald Trump’s ban on travel from Europe.The S&P 500 was down 7.5 percent at 8:10am in Wellington, while the Dow Jones Industrial Average dropped 7.9 percent and...
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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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