Economy
Explore the latest economy news by BusinessDesk
Property
Property turning over but not on all cylinders yet
The housing market seems to be spluttering back to life – though there are mixed views as to how fast it will go when the engine does start firing properly.According to the latest numbers from homes.co.nz, which represents about 40 percent of all homes on the market, listings tra...
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Finance
Westpac Australia: A$1.6b of covid-19 related provisions against profit
Westpac's Australian parent has announced a A$2.24 billion impairment charge will be booked in its first-half results scheduled to be released on Monday, including A$1.6 billion of provisions for losses due to the coronavirus crisis. Moreover, the bank said the covid-19 outbre...
Policy
Special help likely for tourism and events sectors: PM
The government is still considering special assistance for parts of the economy, such as international tourist services and large events companies, which are unlikely to be able to restart operations even when the country moves to alert level 2 or 1. "We always said we want to...
Infrastructure
Electricity use lifts as business switches back on
Electricity demand is about 4 percent higher than a week ago as firms started preparing for limited operations under the more relaxed lockdown rules effective today.Up to 400,000 people were expected to be returning to work today after a five-week shutdown of the economy, joining...
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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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