And oil prices reach highest level since 2022 as Strait of Hormuz closure continues.
Forecasts assume New Zealand stays on alert for a further 10 months.
Mark Peterson says Covid-19 has reshaped investors' attitude to New Zealand risk.
Hard-hit sector receives $400m to recover.
Targeted support for SMEs, exporters and entrepreneurs, wage subsidy extended.
Deal follows Stuff's sale of energy business two weeks ago.
The company gave 2020 financial guidance, but the future is hazy.
Some have started to get ready for the ‘next normal’ sooner than others.
Wage subsidy and other funds sitting in accounts untouched, ASB chief Vittoria Shortt says.
A creditor compromise deal has been reached, and sale process started.
