Politics
Finance
NZ central bank cuts rates, signals more to come
By Rebecca Howard May 8 (BusinessDesk) - The Reserve Bank cut the official cash rate by 25 basis points to 1.5 percent and signaled more cuts to come. The New Zealand dollar fell. "The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for em...
Primary Sector
Govt unveils long-awaited zero carbon law, takes ‘split gas’ approach on methane
By Pattrick Smellie May 8 (BusinessDesk) - After months of cross-parliamentary wrangling, the government this morning unveiled its long-awaited draft legislation that will guide New Zealand to its target of net zero greenhouse gas emissions by 2050. The Climate Change Respo...
Policy
Chch councillors rue govt funding pullback in successful $2.2B SCIRT programme
By Paul McBeth May 7 (BusinessDesk) - Christchurch city councillors were left ruing central government's decision to dial back its share of the largely successful $2.24 billion programme to rebuild and repair the city's horizontal infrastructure such as water pipes and roads. ...
Policy
UPDATE: Huawei calls for talks with GCSB minister on 5G
(Adds GCSB comment from 20th paragraph) By Nikki Mandow May 6 (BusinessDesk) - Huawei has vigorously defended its right to be part of New Zealand’s 5G mobile network build at the China Business Summit in Auckland this morning. And it has called on GCSB Minister Andrew Littl...
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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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