Midday Business News for 30 March 2021

Xero's director of business growth, David Bell, says Auckland's snap lockdown dented earnings and employment there, but nationally the underyling picture is positive; Half of the country's used tyres will be burned for fuel at Fletcher Building's cement plant in a manufacturing first; a survey of 89 chief executives by PWC shows close to two thirds are concerned about the country's inadequate basic infrastructure, which they see as a government priority to fix; in Wall Street investors have been rattled after two huge investment banks warned they face losses of billions of dollars after a crisis at a U.S. investment fund.