It's time for a dose of fatalism and some common sense when it comes to dealing with earthquake-prone buildings across New Zealand in the wake of the Christchurch quakes.

One of New Zealand's largest mechanical engineering firms has expanded its presence in the mining equipment sector through its acquisition of a North Island manufacturer.

Construction continues on the Auckland Art Gallery extension and renovation project in the Central City.

Demolition work proceeds on the Manchester Courts building, one of the earthquake damaged buildings on the corner of Manchester and Hereford Streets in Christchurch.

Global re-insurance companies will probably take the bulk of losses for claims from the Christchurch earthquake not covered by EQC, says Moody's.