Economy
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Policy
Cyber security losses jump in June qtr - Cert NZ
By Rebecca Howard Sept. 5 (BusinessDesk) - Financial losses stemming from cyber security incidents jumped in the June quarter along with the number reported to the New Zealand police. Financial losses in the quarter reached $6.5 million, up from $1.7 million in the prior th...
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Infrastructure
Volume of building activity falls in June qtr; demand seen strong
By Rebecca Howard Sept. 5 (BusinessDesk) - The volume of building activity fell more than expected in the June quarter but ongoing demand – in particular for residential housing – is expected to support the sector. The total volume of building activity fell 1.5 percent in t...
Infrastructure
Freightways sticks to core competencies when eyeing acquisitions
By Jenny Ruth Sept. 5 (BusinessDesk) - Freightways’ strategy since in listed in 2003 is to stick closely to what it knows it does well, chair Mark Verbiest says. That’s even though only about half its growth has come from existing operations with the balance from acquisitio...
Markets
NZ dollar steadies at higher levels; Aussie economy not as weak as thought
By Jenny Ruth Sept. 4 (BusinessDesk) - The New Zealand dollar was little changed, stabilising at higher levels on a combination of technical factors and signs that Australia’s economy may not be as weak as thought. The kiwi, which has spent most of the week near four-year l...
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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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