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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

2:47

Jarrod Kerr: Kiwibank Chief Economist on the...

Best of Business ·

2024/08/07

Kiwibank's Chief Economist says unemployment will rise for another year. Stats NZ figures out today show unemployment jumped to 4.6 percent in the June quarter, from 4.4 the quarter before, and 3.6 percent this time last year. Jarrod Kerr says this statistic tends to lag behind the rest of the economy, because employers keep workers as long as they can. "So we think the unemployment rate keeps lifting for the rest of this year and into next - and it'll end up around 5.2-5.3 percent." LISTEN ABOVESee

en-US

4:06

Paul Bloxham: HSBC chief economist on the Australian...

Best of Business ·

2024/08/06

Australia's Reserve Bank has taken on a grim tone with today's OCR update - and warned rate cuts aren't on the horizon. The Bank considered hiking rates today, but moved to keep them in place at 4.35 percent. HSBC chief economist Paul Bloxham says inflation is still running too far above expectations. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:24

Brad Olsen: Infometrics Principal Economist on the...

Best of Business ·

2024/08/06

Three major New Zealand banks have slashed their rates ahead of next week's OCR review. Both Kiwibank and BNZ have urged the Reserve Bank to cut the cash rate down - months ahead of predicted forecasts. Infometrics Principal Economist Brad Olsen explains why there's a case for the Reserve Bank to move quicker. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:54

Jamie Mackay: The Country host ahead of this latest...

Best of Business ·

2024/08/06

There's another crucial Global Dairy Trade auction taking place tonight as a new season kicks into gear. Rabobank analyst Emma Higgins has predicted WMP and SMP will move lower overnight. The Country's Jamie Mackay explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:20

Tony Caughey: Smith & Caughey’s chair on the company...

Best of Business ·

2024/08/06

Historic Auckland department store Smith & Caughey’s is living to fight another day. The 144 year old business announced in May it would close next year - but today revealed measures to let it stay open. It will downsize physical trading to the ground floor of its Queen Street store, cut about 100 staff and close the Newmarket branch, and ramp up online operations. Chair Tony Caughey says the reality is fewer people shop in the city and they must adapt. "There'll be different ways of doing

en-US

2:17

Matt Goodson: Salt Funds Management expert on global...

Best of Business ·

2024/08/06

The Japanese market is clawing its way back, after an epic tumble overnight. Its Nikkei had a historic one-day drop - the first in a volatile chain of global financial markets. It's now starting to stabilise, sitting about nine percent up on yesterday. Matt Goodson from Salt Funds Management says Japan's weakness began a couple of days ago, when the central bank hiked up cash rates. "The Japanese market had been pretty strong all year, the yen had been really weak - and that just turned everything

en-US

3:27

Nick Lane: Iconic Construction director on the...

Best of Business ·

2024/08/04

One New Zealand based construction company is working on the country's first 3D printed show home. Iconic Construction has broken ground on the project - and the walls have already been made. Director Nick Lane says the company has paired with QOROX to improve on traditional building techniques. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:15

Sir John Key: former Prime Minister voices...

Best of Business ·

2024/08/04

Sir John Key says he doesn't support the Government's controversial Treaty Principles Bill. It comes after calls from the former Prime Minster for the temperature to be turned down on race relations. The bill, championed by ACT, seeks to formally define the principals of the Treaty of Waitangi, but has been met with strong opposition. Key says not only has the bill 'wound people up' but he also thinks it wouldn't work. "I actually think philosophically it's bad policy. I'll tell you why I think it's

en-US

4:40

Nick Leggett: Infrastructure New Zealand CEO voices...

Best of Business ·

2024/08/04

There's serious concerns political bickering is ballooning the cost of New Zealand's major construction projects. The cost of Auckland's City Rail Link has risen over the past decade from $3.4 billion dollars to almost $5.5 billion. Outgoing chief executive Sean Sweeney told TVNZ the lack of a clear and consistent pipe line, due to political uncertainly, is the biggest factor driving up costs. Infrastructure New Zealand chief executive Nick Leggett says we're really bad at pushing go on these

en-US

4:00

Jamie Mackay: The Country host on milk production...

Best of Business ·

2024/08/01

Increased development of large-scale dairy farms and falling feed prices have driven China’s raw milk production up - and the official price down. The current price is 3.23RMB/kg liquid milk - the lowest in 12 years, according to new data. The Country's Jamie Mackay explains what this means for New Zealand. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:03

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

Best of Business ·

2024/08/01

The latest unemployment figures are set to be released next week. Experts are predicting unemployment rates will go up - in order to slow down inflation. NZ Herald business editor at large Liam Dann explains what we can expect. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

7:42

Paul Spain: tech commentator explains the latest...

Best of Business ·

2024/08/01

Microsoft is investigating the scope of the damage after users reported issues with Microsoft 365 and Outlook services this morning. Monitoring website Down Detector's had thousands of outage reports - with a number of organisations affected. Tech commentator Paul Spain says it was largely New Zealand that was impacted by this recent outage. "This one wasn't so much of a global issue - it was very focused on New Zealand." LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:10

Rod Duke: Briscoe Group Managing Director on the...

Best of Business ·

2024/08/01

Briscoe Group Limited has posted a near record net profit after tax of $84.2 million for the year ending January 28, 2024. The group, which runs both Briscoes and Rebel Sport, says profits have nearly reached the $88.4 million record set last year - despite a tough economic climate impacting the retail sector. Briscoe Group Managing Director Rod Duke says more customers have gravitated to the group's output in recent months. "The strategy's unchanged - and when we do that, we tell a lot of people

en-US

3:02

Keith McLaughlin: Centrix Managing Director on the...

Best of Business ·

2024/07/31

Consumers finances look to be recovering, but the relief has yet to pass on to businesses. The Centrix July Credit Indicator says arrears are easing slightly, with the cost of living also coming down. It shows 465,000 New Zealanders are behind on their payments, down 9,000 month-on-month. However, retail energy arrears rose 30% because of the winter months and the ongoing cost-of-living crisis. Centrix’s Managing Director Keith McLaughlin told Mike Hosking that the downwards trend in arrears

en-US

7:01

Mike Blackburn: construction sector advisor on new...

Best of Business ·

2024/07/31

New home consents have fallen to the lowest point in five years. Stats NZ figures show fewer than 34,000 new homes were consented in the year to June - a 24 percent fall annually. Consents for multi-unit homes, including townhouses, apartments, retirement village units and flats are down 28 percent. Construction sector advisor Mike Blackburn says this downturn has impacted the whole country. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:44

Stephanie Batchelor: Milford Asset Management Analyst...

Best of Business ·

2024/07/31

US-based frozen potato giant Lamb Weston's profits have been dropping, off the back of a rocky financial period for the company. This is off the back of the company's shares falling almost 50 percent over the course of 2024. Milford Asset Management's Stephanie Batchelor unpacks this downturn. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:57

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/07/31

One expert has claimed there are upsides and downsides to the Government's changes to finance laws. From today, the Government is dropping prescriptive affordability regulations from the Credit Contracts and Consumer Finance Act. NZ Herald Wellington business editor explains whether these changes will make it easier on Kiwis looking to buy their first home. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:19

Josh Tan: Export NZ executive director on Red Sea...

Best of Business ·

2024/07/31

The costs of sending Kiwi exports overseas has risen significantly amid escalating tensions in the Red Sea. A report from the Ministry of Foreign Affairs and Trade said global shipping rates have nearly doubled since late April - but they remain below the peak reached during the Covid pandemic. Export NZ executive director Josh Tan says this is an 'external shock' that runs the risk of impacting inflation. "We're impacted by what is happening around the world - so this certainly qualifies." LISTEN

en-US

5:54

Sam Dean: NIWA climate scientist on Air New Zealand...

Best of Business ·

2024/07/30

Air New Zealand is ditching its carbon intensity reduction targets and will withdraw from the Science Based Targets initiative.  It planned to cut carbon intensity 28.9 percent by 2030 - but blamed a lack of fuel-efficient planes and the costs of alternative fuel for this shift in priorities. NIWA climate scientist Sam Dean says Air New Zealand didn't have a lot of choice in this situation. "Fundamentally, their business is about flying planes. And as they openly said - they're dependent on a whole

en-US

8:42

Alex Cassels: property developer launches bid to...

Best of Business ·

2024/07/29

One Wellington property developer is calling on the Reserve Bank to make it easier to repurpose vacant commercial buildings. Alex Cassels has set up several new apartment buildings in Wellington - and is looking to expand to Auckland. He explained how this scheme would alleviate the housing crisis and provide affordable rents. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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