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PODCAST

Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

business business news

All Episodes

2:36

Jamie Mackay: The Country host on New Zealand's...

Best of Business ·

2024/12/12

New Zealand’s primary sector export revenue is expected to jump by 7 percent to $56.9 billion in the June 2025 year after contracting in 2024, the Ministry for Primary Industries says. MPI, in its Situation and Outlook for Primary Industries report, also expects that growth to be sustained, with revenue forecast to hit $58.3b in the June 2026 year. The Country's Jamie Mackay explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:18

Liam Dann: NZ Herald business editor at large ahead...

Best of Business ·

2024/12/12

The Finance Minister's set to update the country on the state of the books next week, and experts aren't feeling too optimistic. Nicola Willis will reveal whether or not the nation is still on track to reach surplus in 2027-2028. NZ Herald business editor at large Liam Dann explains why he's not feeling too hopeful about this target. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:46

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2024/12/11

2024 is nearly over - so which companies did the best on the New Zealand stock exchange for the year? Tower Insurance leads the pack, off the back of a series of upgraded earnings and regained inclusion back in the NZX50 Index. Milford Asset Management's Jeremy Hutton unpacked the winners and the losers for the year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:36

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/12/11

A significant decision from the Court of Appeal could see Gloriavale shut down its' operations for good. The court has thrown out an injunction that prevented BNZ from closing the West Coast Christian community's accounts. BNZ attempted to stop doing business with Gloriavale in 2022, after the community's child labour usage breached its human rights policy. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the wider implications of this verdict. LISTEN ABOVESee omnystudio.com/listener

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4:22

Brad Olsen: Infometrics Principal Economist on card...

Best of Business ·

2024/12/11

The latest card spending data from November indicates Kiwis are keeping their expenses down for another month. Kiwibank reports claim the value of spending dropped 2.5 percent in November and new ANZ data shows a drop of 1.2 percent year on year. Infometrics Principal Economist Brad Olsen says there's hope for the economy - as we're seeing early green shoots ahead of the Christmas season. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:37

Anonymous petrol station owner: Concerned...

Best of Business ·

2024/12/11

There's concern among petrol station owners, following BNZ signalling its lending period for fossil fuels is ending. BNZ has informed one business lending to petrol store owners will end - and the bank needs all debt repaid by 2030. The bank says it's an economic decision, as they're foreseeing people switching to electric vehicles. An anonymous owner of multiple rural petrol stations says the decision hurts farmers, who will still need diesel. LISTEN ABOVESee omnystudio.com/listener for privacy

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5:23

Paul Bloxham: HSBC Chief Economist on the Australian...

Best of Business ·

2024/12/10

Australia's central bank has opted to keep rates on hold in its final meeting of 2024 - the same position it's held all year. The RBA did soften its language a bit, and revealed the board had 'some confidence' that inflation was heading back to target. HSBC Chief Economist Paul Bloxham predicted rates would come down by 2025. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:40

Jamie Mackay: The Country host on farmer confidence...

Best of Business ·

2024/12/10

Following a significant lift in September, farmer confidence has surged again to the highest level since 2017. According to Rabobank's final Rural Confidence Survey for 2024, farmer confidence in the broader agri-economy has risen from 3 percent to 34 percent. The Country's Jamie Mackay unpacks the factors behind this lift. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:27

Ian Woolford: Reserve Bank Director of Money and Cash...

Best of Business ·

2024/12/10

Most New Zealanders are still keen on using physical cash, a new Reserve Bank consultation has found. Their online survey drew in over 18,000 respondents, with many worried digital money would replace banknotes and coins. The central bank's Director of Money and Cash, Ian Woolford, says people are worried about privacy and control when it comes to money. "It's a personal choice - money is quite a personal thing and it's quite natural for people to have concerns about people monitoring their use."

en-US

5:04

Murray Olds: Australian correspondent on the Reserve...

Best of Business ·

2024/12/10

There's no Christmas gift for Australian mortgage holders - as the central bank has left rates unchanged again. The Reserve Bank of Australia has kept the OCR in place at 4.35 percent, in line with expectations from economists. Australian correspondent Murray Olds says this will come as a blow to Prime Minister Albanese - as the cost of living crisis is set to be a hot-button issue for voters ahead of the election. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:30

Shane Solly: Harbour Asset Management spokesperson on...

Best of Business ·

2024/12/09

The Government is taking action and giving Kiwibank a financial boost in order to bolster banking competition. A new Commerce Commission report on banking has found the sector isn't competitive enough - and offered up14 recommendations. Harbour Asset Management spokesperson Shane Solly says this is an important step - and signals key changes to come. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:34

Malcolm Fleming: New Zealand Certified Builders...

Best of Business ·

2024/12/09

The Government is looking to shake up how builders can meet insulation standards for new homes in a bid to reduce building costs. Building and Construction Minister Chris Penk has proposed several new changes - with a consultation period set to take place until February. New Zealand Certified Builders Association CEO Malcolm Fleming says this shows the Government is taking industry opinions into account. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

8:49

Nicola Willis: Finance Minister says boosting the...

Best of Business ·

2024/12/09

The Finance Minister is determined to ensure New Zealanders get access to more competitive banking services. A Commerce Commission report on banking has found the sector isn't competitive enough - and the Government is looking to make some changes. Nicola Willis says she doesn't want to threaten the banks, but she's hoping for better results for Kiwis. "That means fairer prices, that means more innovative services, that means a better range of services. And what the Commerce Commission - and others

en-US

4:21

Sam Stubbs: Simplicity co-founder on the Government's...

Best of Business ·

2024/12/09

The Government's beefing up Kiwibank - at the request of the Commerce Commission. Its report on banking has found the sector isn't competitive enough, and offered up 14 recommendations. Simplicity co-founder Sam Stubbs says the banks would be foolish to ignore Government warnings. He says the Prime Minister's telling the banks - the game is up. "Remember, the only person that can seriously do damage to the big banks in New Zealand is the Government, because they've got regulation powers." LISTEN

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7:15

Barry Soper: ZB senior political correspondent on the...

Best of Business ·

2024/12/09

The Government's helping boost competition in banking by bolstering Kiwibank. The Commerce Commission recently painted the banking landscape as an oligopoly in a review - pointing to the domination by the big four Australian players. Today, Prime Minister Chris Luxon's announced he wants to implement all its 14 recommendations and disrupt the status quo. Newstalk ZB senior political correspondent Barry Soper says this boost won't make Kiwibank an equal to the big four in Australia - but a cash boost

en-US

4:16

Muy Chhour: Karangahape Road Business Association...

Best of Business ·

2024/12/09

Auckland Transport has been forced to scale back its 'bus to the mall' campaign after facing pushback from local business owners. The campaign included a singing bus stop in Newmarket - but more controversially, billsticker posters placed throughout Auckland’s small retail villages. Karangahape Road Business Association chair Muy Chhour says this campaign is a 'kick in the guts' to local business owners in Auckland. "It's not good at all - it tarnishes the relationships with business districts and

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31:53

Business Panel: Retail NZ CEO Carlolyn Young and...

Best of Business ·

2024/12/08

It's been one of the toughest years in memory for many businesses around Wellington with a sluggish economy, public-sector job cuts, high inflation, and roading changes around the CBD. But there is still loads of positivity around the capital according to our two guests on the final Business Panel of 2024, who are both hoping Retail NZ chief executive Carolyn Young and Backhouse Interiors owner Michelle Backhouse joined Nick to reflect on the year and their hopes for 2025. LISTEN ABOVESee

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5:16

Peter Lewis: Asia Business Correspondent on the move...

Best of Business ·

2024/12/06

South Korean Lawmakers Move To Impeach President Yoon South Korean MPs have begun impeachment proceedings against President Yoon Suk Yeol hours after thwarting his shock move on Tuesday to impose martial law. This has triggered the country’s worst constitutional crisis in decades. The president had said martial law was needed to protect the country from "North Korea's communist forces" and to "eliminate anti-state elements” and “normalise the country”. The order was unanimously rejected by the

en-US

3:58

Jamie Mackay: The Country host on the shortage of...

Best of Business ·

2024/12/05

New reports show there's been a significant decrease in lambs for spring 2024, compared with this time last year. The B+LNZ 2024 Lamb Crop Report indicated 1.1 million fewer lambs were tailed/docked compared to 2023, bringing the total lamb crop to an estimated 19.2 million. The Country's Jamie Mackay explains what this means for the market. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:50

Andrew Murray: Fonterra Chief Financial Officer on...

Best of Business ·

2024/12/05

Dairy giant Fonterra hasraised its forecast milk price payout to a midpoint of $10 - the second rise in less than a month. The company says this new forecast reflects strong international demand, particularly from China and Southeast Asia. Fonterra's CFO Andrew Murray says this news has been received positively by farmers. "US production is very flat and European production is down - so the demand from imports is pretty good from our perspective and we've had a strong start to the season as well."

en-US

3,595 results

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