Economy
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Services
Coronavirus to exacerbate slide in Chinese visitors
Travel restrictions imposed on Chinese visitors are expected to exacerbate the decline in New Zealand’s second-biggest pool for tourists. Short-term Chinese visitor arrivals fell 9.2 percent to 407,141 in calendar 2019 from the year prior. Stats NZ populations indicators manag...
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Services activity jumps in January; coronavirus yet to bite
New orders boosted services sector activity to its highest level in almost two years last month, but covid-19 has yet to bite. The BNZ-BusinessNZ performance of services index lifted to a seasonally adjusted 57.1 in January, up five points from December and the highest since M...
Finance
Augusta to delay tourism fund, annual AFFO to fall up to 45%
Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 45 percent lower than the previous year."Augusta now expects adjusted funds from...
Markets
Company earnings, coronavirus headlines to set the tone
Investors will be watching for company earnings reports for direction while the kiwi dollar may continue to trade sideways after mixed but quiet trading on Wall Street although covid-19 headlines could shake things up. The S&P 500 and the Nasdaq edged up 0.2 percent, while the...
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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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