The New Zealand dollar rose about 1 US cent after the value of the nation's exports hit a record in March and contributed to a higher than expected trade surplus for the month.The kiwi was trading at 60.93 US cents at 5pm in Wellington... Source: NZ Herald Business News
State moves to consider rent support in the commercial sector met with mixed reaction after Justice Minister Andrew Little said the Government was considering options to support New Zealand businesses with rent payments.Leonie Freeman,... Source: NZ Herald Business News
Z Energy will decide whether to apply for a government wage subsidy next week, chief executive Mike Bennetts said today.The firm, the country's largest fuel seller, would easily have qualified for the subsidy with revenues "well... Source: NZ Herald Business News
Bauer Media is making 70 staff redundant in Australia and will temporarily suspend the printing of some of its magazines.A further 50 staff have been stood down.The German-owned publisher said weak advertising amid the Covid-19... Source: NZ Herald Business News
As the country moved from alert level 4 to 3 yesterday, many Whanganui businesses were open for trade again for the first time in nearly five weeks. And owners are finding innovative ways to operate in a contactless environment.... Source: NZ Herald Business News
New Zealand shares rose in the first day of looser lockdown restrictions with investors optimistic that low infection rates could see the economy opened up further. The S&P/NZX Index climbed 340.08 points, or 3.3 per cent, to 10,759.56.... Source: NZ Herald Business News
The New Zealand dollar ran out of the oomph that propelled it higher over the long weekend amid speculation the Reserve Bank may take its official cash rate negative in its efforts to cushion the economic impact of the coronavirus... Source: NZ Herald Business News
Online grocery and alcohol sales skyrocketed in March as panic-buying Kiwis turned to the internet to order supermarket home deliveries amid the first wave of Covid-19 hitting local shores."While total online sales were only up... Source: NZ Herald Business News
New Zealanders used enough data to download around 3.4 billion songs over the 33 days the country was under alert level 4.Spark and Skinny's wireless broadband network traffic increased by 40 per cent, with more than 17,000 terabytes... Source: NZ Herald Business News
COMMENT: In these troubled times there is much that we must work to protect. It is crucial that the battle to save lives from Covid-19 is coupled with long-term efforts to protect livelihoods and ways of life.Advances in health,... Source: NZ Herald Business News