Strong NZ govt balance sheet about to blow out
A strong balance sheet will help the New Zealand government weather covid-19, although its latest accounts already showed signs of the pandemic's impact.“These results have reflected some of the covid-19 related impacts, mainly in relation to the significant losses impacting the...
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...
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...
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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