Economy
Explore the latest economy news by BusinessDesk
Markets
MARKET OPEN: Economic recovery hopes trump US-China trade tensions
A positive night on Wall Street may once again cheer domestic investors as optimism about an economic recovery from covid-19 continues to outweigh any US-China jitters for now. The Dow Jones Industrial Average was up 2.1 percent at 8am in Wellington while the S&P500 was up 1.4...
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Property
Mortgage wars should spark boost to lending
Mortgage lending was slashed to about half of normal levels last month due to covid-19 restrictions but economists say the latest round of ‘rate wars’ should spark some renewed buyer and seller enthusiasm. For those keen on picking up a sharp mortgage, record low wholesale ra...
Coronavirus
Trans-Tasman bubble could be in the sky by July
Unrestricted trans-Tasman travel could be a reality by the time New Zealand reverts back to its lowest covid-19 alert setting, according to the task force charged with getting it off the ground. The trans-Tasman safe border group, coordinated by the Australia New Zealand Leade...
Coronavirus
Better 'basic hygiene' needed – cyber expert
One of New Zealand and Australia’s top cyber-security experts says people and businesses need to be more attentive to their digital health during the covid-19 pandemic, particularly as remote workspace became 'business as usual.' IBM's cyber security chief technology officer f...
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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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