A senior journalist and news editor with interest.co.nz, David Hargreaves has covered financial markets and economics both in New Zealand and Britain for longer than he cares to mention.
Statistics New Zealand says unemployment rate actually FELL to 4%, but the 'underutilisation' rate had a record climb, up to 12%, employment fell by 11,000 jobs and 37,000 people left the workforce
Statistics New Zealand says unemployment rate actually FELL to 4%, but the 'underutilisation' rate had a record climb, up to 12%, employment fell by 11,000 jobs and 37,000 people left the workforce
Reserve Bank statistics show New Zealanders increased the amount in their bank accounts by $10.6 billion in the four months to the end of June; separately an RBNZ survey shows Kiwis are becoming less worried about losing their jobs
Reserve Bank statistics show New Zealanders increased the amount in their bank accounts by $10.6 billion in the four months to the end of June; separately an RBNZ survey shows Kiwis are becoming less worried about losing their jobs
Economists on average are picking unemployment to surge up from 4.2% to 5.7% for the June quarter - but they stress that the impact of the lockdown is going to make it difficult to get a clear picture
Economists on average are picking unemployment to surge up from 4.2% to 5.7% for the June quarter - but they stress that the impact of the lockdown is going to make it difficult to get a clear picture
Neil Roberts has sold another 3.9 million shares in what was the country's first peer to peer lender; another sale before the end of the year; low profile Nelson investor Michael Lookman building up his stake
Neil Roberts has sold another 3.9 million shares in what was the country's first peer to peer lender; another sale before the end of the year; low profile Nelson investor Michael Lookman building up his stake
David Hargreaves says the recent buyer trends in housing may just represent the way the market should look when freed from the distortions visited by the Reserve Bank's LVR rules
David Hargreaves says the recent buyer trends in housing may just represent the way the market should look when freed from the distortions visited by the Reserve Bank's LVR rules
David Hargreaves fears valuable time will be lost as the political parties now prioritise petty electioneering over long term strategies to deal with Covid-19 and its economic effects
David Hargreaves fears valuable time will be lost as the political parties now prioritise petty electioneering over long term strategies to deal with Covid-19 and its economic effects
Recent global auction results are offering economists encouragement that Fonterra will be able to achieve a return to farmers in the 2020/21 season at the upper end of the co-operative's forecast
Recent global auction results are offering economists encouragement that Fonterra will be able to achieve a return to farmers in the 2020/21 season at the upper end of the co-operative's forecast
Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
Economists see the Reserve Bank having to do much more in future with its quantitative easing programme after inflation dropped 0.5% in the June quarter
Economists see the Reserve Bank having to do much more in future with its quantitative easing programme after inflation dropped 0.5% in the June quarter
The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
Plunging fuel prices have contributed to inflation falling off a cliff and reverting from an eight year annual high to possibly a near-22-year quarterly low
Plunging fuel prices have contributed to inflation falling off a cliff and reverting from an eight year annual high to possibly a near-22-year quarterly low
Preliminary July data for the ANZ Business Outlook has shown a much stronger lift in economic activity than economists have been forecasting - inevitably raising questions of whether the improved mood will last
Preliminary July data for the ANZ Business Outlook has shown a much stronger lift in economic activity than economists have been forecasting - inevitably raising questions of whether the improved mood will last