Economy
Explore the latest economy news by BusinessDesk
Economy
Universities drop self-isolation of stranded Chinese students
Time is running out for New Zealand universities to get a special exemption to allow about 6,000 students currently stranded in China to start the first semester here.The outlook for the global spread of the coronavirus has deteriorated so rapidly since the beginning of the week...
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Infrastructure
Refining NZ withholds dividend on virus, volatility
Refining New Zealand is seeking cost savings and considering other tactical responses as the coronavirus adds to pressures on the company’s processing margins.The company today reported an 86 percent drop in 2019 net profit after the US-China trade war, sanctions, and changes in...
Services
Vista pauses China purchase as virus shuts cinemas
Vista Group International has "paused" the planned purchase of an additional stake in Vista China until the impact of the coronavirus crisis becomes clearer.The cinema software company announced the freeze on the deal at the same time as announcing its annual net profit fell 1.5...
Markets
A2 eyes extra manufacturing capacity; stock gains
A2 Milk shares lifted 6.6 percent after it reported a 21.1 percent jump in first half net profit and said the scale of its infant nutrition business meant it was now looking at participating in additional manufacturing. It remained fairly sanguine about the impact of covid-19. Ne...
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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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