Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Economy
Shamubeel Eaqub: SHAMUBEEL EAQUB: On free money
Sense Partners economist Shamubeel Eaqub was surprised recently to find that the Social Credit party had made him a poster-boy, along with various other well-known New Zealand economic luminaries, for the idea that all governments need do to fix their economic problems is print a...
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Property
JENNY RUTH: Augusta rescue mission a sign of the times
Snouts in troughs was probably the cynical first reaction to the spectacular deal ASX-listed Centuria Capital is getting from the $45 million Augusta capital raising. Those snouts mucking in could well be the case but, viewed from a different vantage, the situation could also...
Economy
'Never say never' but Robertson not keen on direct money-printing
Finance Minister Grant Robertson is not ruling out ever having the Reserve Bank create money by buying bonds straight from the government but says doing so now is unnecessary and would send the wrong signals to the financial markets. "We don't see the need for that," he said i...
Coronavirus
Banks have lent only $23m of the govt's $6.25b business lending scheme
New figures from the New Zealand Bankers' Association show why Finance Minister Grant Robertson has appeared frustrated about the lack of lending under the government's $6.25 billion business finance guarantee scheme. NZBA said only 174 loans worth a total of $23 million have...
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