Economy
Explore the latest economy news by BusinessDesk
Property
Jenny Ruth: JENNY RUTH: Covid-slimmed Augusta syndicate relaunched
The relaunched Augusta Property Fund was always going to be an inferior offer because the coronavirus crisis tanked the planned purchase of one of its two properties. Instead of a $152.8 million fund owning a big-box retail centre in Albany and a medical centre in Hamilton, th...
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Finance
Banks' covid-related provisions likely much smaller in June qtr
Provisioning by banks for the impact of the coronavirus crisis is likely to have been considerably smaller in the June quarter than the huge provisions they made in March. That's according to a graph presented by Reserve Bank deputy governor Geoff Bascand during a speech to ba...
Infrastructure
Datacom sees rapid shift to digital platforms under covid
The move to introduce digital systems and platforms only got faster under the covid-19 pandemic lockdowns, as firms were forced into new ways of operating, according to IT services firm Datacom. The company had already invested heavily in those in-demand services over the past...
Policy
Latest jobless numbers offer brief respite
Further signs that a second wave of unemployment is subsiding, with 1,400 new people signing on for the Covid-19 Income Relief Payment in the week ended July 24.In normal times that number that would be cause for concern, but compared to late-June and early-July when an average o...
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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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