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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

6:27

Andrew Bayly: Commerce Minister on the incoming...

Best of Business ·

2024/08/15

Balancing directors' safety and accountability is the goal of the Commerce Minister's shake up of the Companies Act. Andrew Bayly is looking to make it harder to "phoenix", in which assets are transferred from indebted companies to new ones, leaving the former to face insolvency. He says they want to make it easier to catch directors doing the wrong thing, which will be done by assigning every director a unique digital number. Another measure is allowing directors to take their home addresses

en-US

4:50

Sam Dickie: Fisher Funds expert on the decline in...

Best of Business ·

2024/08/15

A few years ago, the Metaverse was the biggest talking point in the world of technology. Meanwhile in 2024, the virtual platform has declined in popularity and the market has moved on. Sam Dickie from Fisher Funds explains what happened. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:39

Liam Dann: NZ Herald business editor at large on food...

Best of Business ·

2024/08/15

New data from has confirmed food prices are up - but not as much as predicted. Stats NZ reports show food prices have increased by 0.6 percent in the 12 months to July. NZ Herald business editor at large Liam Dann says this is good news for the economy following the recent OCR cut. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:49

Alan McDonald: Employers and Manufacturers...

Best of Business ·

2024/08/15

The Government has announced a new immigration pathway for essential seasonal workers. It has created a new subcategory of the Specific Purpose Work Visa - to help employers in upcoming seasonal peaks. Roles must pay at least $29.66 per hour, and offer at least 30 hours each week. EMA's Alan McDonald says these changes will be welcomed by the business sector. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:11

Katlyn Parker: Milford Asset Management analyst on...

Best of Business ·

2024/08/14

Several Kiwi businesses have expressed relief as the Reserve Bank announces cuts to the OCR. The cash rate has been dropped 25 basis points to 5.25 percent - the first significant cut to the OCR since 2020. Milford Asset Management's Katlyn Parker unpacks the wider market response. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:58

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/08/14

There's shock and excitement across the nation, as the Reserve Bank makes cuts to the OCR for the first time since 2020. The Bank's slashed the cash rate by 25 basis points to 5.25 percent. NZ Herald Wellington business editor Jenee Tibshraeny unpacks what brought this change on - and what caused Governor Adrian Orr to announce this. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:51

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

Best of Business ·

2024/08/14

The Reserve Bank says several factors are driving down inflation. It's cut the Official Cash Rate to 5.25 percent, saying it's now confident inflation is returning to the one-to-three percent target range. The Government is claiming credit for the turn-around - saying tax cuts and government spending cuts have been reducing inflationary pressure. ZB senior political correspondent Barry Soper says the Government will have been waiting for this announcement. LISTEN ABOVESee omnystudio.com/listener

en-US

6:13

Vittoria Short: ASB Chief Executive on the bank's...

Best of Business ·

2024/08/14

ASB is welcoming the news that the Reserve Bank has cut the Official Cash Rate by 25 basis points. This comes after the bank's run of record annual profits ended with a 10 percent fall in its cash profit as borrowing demand slowed down. Chief Executive Vittoria Shortt says today's OCR cut comes at a perfect time. "I think it's a really good thing for New Zealand households and New Zealand businesses. We've already been reducing our fixed home loan rates, we started doing that last year...this is a

en-US

3:47

Michael Reddell: former Reserve Bank economist on the...

Best of Business ·

2024/08/14

It's the start of a significant turnaround for the economy - as the Reserve Bank slashes the OCR for the first time since 2020. It's dropped the cash rate 25-basis points to 5.25 percent. Former Reserve Bank economist, Michael Reddell says Governor Orr's post-announcement claims about the economy don't stack up. "It's not as if some big event has happened externally, it's just that they badly misread what was going on in the economy - and it's pretty inexcusable." LISTEN ABOVESee

en-US

5:29

Liam Dann: NZ Herald Business Editor on the Reserve...

Best of Business ·

2024/08/14

It's the news many have been hoping for. The Reserve Bank has cut the Official Cash Rate 25 basis points, from 5.5% to 5.25%. It says business surveys and economic indicators suggest inflation is returning to within the 1-3% target band. But the Herald's Liam Dann told Simon Barnett and James Daniels we certainly won't be getting a return to the record-low cash rate we had during the pandemic. He says the central bank isn't declaring victory on inflation and will need to keep the cash rate

en-US

4:13

Brad Olsen: Infometrics Principal Economist ahead of...

Best of Business ·

2024/08/13

The Reserve Bank is set to issue their latest OCR update tomorrow - and experts are divided about the outcome. Some economists are predicting rate cuts will come now, while others believe the Reserve Bank will hold steady and announce cuts later in the year. Infometrics Principal Economist Brad Olsen says the Reserve Bank needs to lay the groundwork for future rate cuts. "The economy is in a darker place - but the Reserve Bank backed itself into a corner, all bets are off at the moment." LISTEN

en-US

3:26

Shane Solly: Harbour Asset Management spokesperson on...

Best of Business ·

2024/08/12

The Reserve Bank is set to make a call on the Official Cash Rate this week, and experts are feeling hopeful. While economists are divided on the outcome, markets have priced in possible rate cuts going forward. Shane Solly from Harbour Asset Management explains what we can expect. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:56

Matt Duder: EBoss managing director on the new data...

Best of Business ·

2024/08/12

Nearly three-quarters of builders think the industry is in for another tough financial year, according to new data. 650 Kiwi builders were consulted in a new EBoss survey, with 67 percent of respondents reporting less projects and 70 percent claiming industry conditions will only get worse in the coming months. Matt Duder from EBoss says builders operate on tough margins, so steady work is important to them. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:55

Sam Dickie: Fisher Funds expert on the state of the...

Best of Business ·

2024/08/08

After a turbulent week for financial markets - have things bounced back? Japan's stocks have rebounded after their crash, but there's mixed results from around the rest of the world. Sam Dickie from Fisher Funds explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:40

Liam Dann: NZ Herald business editor at large on ASB...

Best of Business ·

2024/08/08

ASB has made a surprise call ahead of next week's OCR announcement. The bank is predicting the Reserve Bank will cut rates in the coming days - a sooner timeframe than initially predicted. NZ Herald business editor at large Liam Dann explains whether or not ASB makes a good case. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

4:42

Greg Smith: Devon Funds Head of Retail on Allbirds...

Best of Business ·

2024/08/08

There's bad news for a former darling of the footwear world. Kiwi shoe company Allbirds, co-founded by former All White Tim Brown, has posted a net loss of $19 million for the second quarter of 2024. Greg Smith from Devon Funds says the company runs the risk of being de-listed from the Nasdaq. "The valuation of the company was over $4 billion, the year before, they'd made over $200 million in sales. Fast forward four years, they're still at $200 million - the cool factor dissipated." LISTEN

en-US

5:00

Murray Olds: Australian correspondent on Qantas...

Best of Business ·

2024/08/08

Australian airline Qantas has slashed former CEO Alan Joyce's exit package, following a stint of costly scandals and legal cases. The $21.4m payout Joyce was due to get after leaving the company last year will be cut by $9.26m, the company told investors. Australian correspondent Murray Olds says this follows a rough business period for the airline. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:23

Deborah Lambie: Milford Asset Management analyst on...

Best of Business ·

2024/08/07

Rideshare giant Uber has reported its second quarter result - and shares were up +11 percent. CEO Dara Khosrowshahi says the company is in a position to keep growing, despite an uncertain macroeconomic outlook and decreased consumer spending. Milford Asset Management's Deborah Lambie unpacks these results. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:59

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/08/07

Around 40,000 McDonald’s staff are likely to be compensated, as the fast-food chain corrects a widespread payroll issue dating back 15 years. McDonald’s is contacting those employed between November 1, 2009, and December 6, 2020, asking them to check a portal on its website to see if they’re eligible for reimbursement. The company is one of countless employers, including government departments, that miscalculated leave entitlements outlined in what’s proven to be a very confusing Holidays Act 2003

en-US

5:17

Joe Gallagher: E tū Union negotiation specialist on...

Best of Business ·

2024/08/07

There's belief a major Auckland pulp mill proposing closure could be the first of many. Oji Fibre Solutions is consulting with its 75 Penrose staff, citing a three-year pattern of losses. CEO Jon Ryder says dramatically rising energy costs are one of several issues plaguing the mill. E tū Union negotiation specialist Joe Gallagher says the Government needs to step in and set up some regulations. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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