Economy
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Economy
MARKET OPEN: Wall St rally runs out of steam as US-China tensions mount
New Zealand’s stock market may be in for a soft day after a rally on Wall Street ran out of steam as the US and China traded barbs, reminding investors of the volatile relationship between the world’s two biggest economies. US Secretary of State Mike Pompeo denounced Beijing’s...
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Queenstown landlords feel the pinch as South Island rentals slump
"Survival rates" on rental homes in Queenstown have seen new South Island rents down almost 10 percent.
Economy
Govt goes to the regions to prop up airport, back business park
The government is providing a lifeline for Hawke’s Bay Airport and will inject additional funding to help establish a business park near Kaikohe. The government will loan Hawke’s Bay Airport $4.5 million on commercial terms, and the Napier city and Hastings district councils w...
Property
Augusta directors recommend Centuria takeover
An independent valuer said Augusta Capital's shares are worth between 85 cents and $1 and so Augusta's independent directors are unanimously recommending the takeover offer from ASX-listed Centuria in the absence of a higher offer. Centuria is offering 22 cents in cash – raise...
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Pattrick Smellie
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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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