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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

3:04

Heather du Plessis-Allan: These TVNZ job losses won't...

Best of Business ·

2024/03/07

First it was Newshub, now it's TVNZ. We are still waiting on the details- staff have been told there will be 68 job losses, but the rest they’ll find out tomorrow. The speculation in the media is that half of those job cuts will be in the newsroom. Fair Go and Sunday reportedly will be merged, Breakfast and Seven sharp are affected, as is the late bulletin. Shortland Street will be cut down to three nights a week at some point, and the main news bulletin will reportedly be cut down to 30 minutes,

en-US

4:00

Brad Olsen: Infometrics Principal Economist on the...

Best of Business ·

2024/03/06

Non-residential building work has shot up in the December 2023 quarter, according to the latest data. Commercial buildings have outpaced residential homes, with residential building activity dropping 2 percent in the December quarter. Infometrics Principal Economist Brad Olsen explains what this means for economic growth ahead of the upcoming GDP results. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3:12

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/03/06

BNZ is following other banks in cutting some mortgage rates, following ANZ and ASB. This comes off the back of last week's Reserve Bank decision to keep the Official Cash Rate unchanged at 5.5 percent. NZ Herald Wellington business editor Jenee Tibshraeny says higher interest rates are driving prospective home buyers away- and the banks need to win people back. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:10

Clive Fernandes: National Capital Director on the...

Best of Business ·

2024/03/06

A new survey has revealed a majority of people think contributing to KiwiSaver should be compulsory. Data from financial advice firm National Capital shows 62 percent of Kiwis are in favour of mandatory KiwiSaver contributions. Director Clive Fernandes says younger people in particular are getting more financially savvy and learning the importance of saving. "We've done quite well in the last few years in financial education, especially with the young ones. I think financial education and financial

en-US

2:37

Mike Egan: Restaurant Association President and...

Best of Business ·

2024/03/06

There's growing evidence Kiwis are embracing US-style tipping culture. New data from financial information site, Banked, says 47 Kiwis approve of tipping- and at least 60 percent of Kiwis sometimes leave tips. Restaurant Association President and Monsoon Poon owner Mike Egan says customers like to show appreciation for enthusiastic or knowledgeable workers. "When you give good service, you sort of invoke the emotional reciprocation. They thought the staff member knew all about the menu, and was

en-US

6:30

Melissa Lee: Broadcasting Minister on the future on...

Best of Business ·

2024/03/06

The Broadcasting Minister is staying tight-lipped about the future of TVNZ. It is understood TVNZ newsroom staff are bracing for a meeting tomorrow about the future of news operations - which will include job cuts. Minister Melissa Lee says she spoke with TVNZ bosses on Friday about how they plan to remain financially viable. "They did not tell me that they were cutting staff on news- they were talking about programming they will have to consider." It will come a week since Newshub announced its

en-US

4:46

Tessa Tierney: Spark product director on the decision...

Best of Business ·

2024/03/06

Spark customers with Xtra Mail accounts will have to pay $5.95 a month to use them from mid-May. It's citing rising maintenance costs as the reason. Spark product director Tessa Tierney says the company considered scrapping the service altogether. She says it's hard to say what its future will be. "So it'll be interesting to see over the next few weeks - and months - what decisions customers make. But at this stage, I couldn't tell you how many will decide to leave." LISTEN ABOVESee

en-US

3:16

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

Best of Business ·

2024/03/05

The Reserve Bank's decision to hold the OCR in place at 5.5 percent has inspired some banks to lower their rates. This is despite some economists warning inflation is still running too high at this point. HSBC chief economist Paul Bloxham says New Zealand's Reserve Bank is one of the only central banks in the world saying rates might need to go up again.See omnystudio.com/listener for privacy information.

en-US

4:05

Fran O'Sullivan: NZME business commentator on Chris...

Best of Business ·

2024/03/04

Chris Luxon is set to meet with more key trading partners this week. The Prime Minister will fly to Melbourne tomorrow for a special summit, to mark Australia's 50-year relationship with the Association of Southeast Asian Nations. NZME business commentator Fran O'Sullivan explains this will be a crucial summit for Luxon- as he missed the chance to meet some of these leaders during APEC. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:37

Sam Buckingham-Jones: Australian Financial Review...

Best of Business ·

2024/03/04

While New Zealand's media industry struggles to survive, their Australian counterparts are battling setbacks from social media giants. Facebook's parent company, Meta, recently confirmed it wouldn't renew commercial deals with news publisher Network 10. Australian Financial Review media reporter says it's likely Meta never believed they were going to see much profit out of this deal. "There was a line in the summary of this contract, which was- there is no expectation that 10 would earn additional

en-US

7:44

Nicola Willis: Finance Minister warns surplus...

Best of Business ·

2024/03/04

Finance Minister Nicola Willis warns the Government could likely miss the proposed 2027 surplus forecast. The Government included this deadline as a key goal in their pre-election fiscal plan. Willis blames worsening economic conditions and the resulting lower tax income. "I want to be upfront with New Zealanders about the fact that the numbers are looking a lot harder now than they did before Christmas." LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:21

Jarrod Kerr: KiwiBank Chief Economist predicts more...

Best of Business ·

2024/03/04

There's a prediction big drops in mortgage rates are on the cards. Both ANZ and ASB have lowered some of their mortgages rates, following the Reserve Bank's decision to keep the Official Cash Rate unchanged at 5.5 percent. KiwiBank Chief Economist Jarrod Kerr says if the central bank starts cutting in November, it could be just the start. "They'll be cutting throughout 2025, so we'll see mortgage rates, I think, fall quite sharply next year." LISTEN ABOVESee omnystudio.com/listener for privacy

en-US

4:54

Dylan Firth: Brewers Association NZ executive...

Best of Business ·

2024/03/02

The demand for beer nationwide has dropped significantly, according to new figures. Stats NZ data shows consumption has dropped by 4 percent, the largest drop in 15 years. Brewers Association NZ executive director Dylan Firth says smaller breweries have taken a significant hit as consumers look to curb their spending. "With interest rates being very high and consumers looking to curb their spending, I think a lot of those smaller businesses have been struggling a bit." LISTEN ABOVE See

en-US

4:42

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

Best of Business ·

2024/02/29

Households can breathe a temporary sigh of relief following yesterday's announcement from the Reserve Bank. The Bank has held the OCR steady at 5.5 percent, in line with with what most economists were predicting. NZ Herald business editor at large Liam Dann says it's going to be a long battle to get inflation down, so the future's uncertain. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

6:55

Merja Myllylahti: AUT media researcher on whether the...

Best of Business ·

2024/02/29

There's growing concern that the proposed closure of Newshub could be a sign of tougher times for the media industry. Warner Bros. Discovery revealed they planned to shutter newsroom operations from July, forcing hundreds out of work. AUT media researcher Merja Myllylahti says the entire industry is in trouble, revenue-wise. "For example, results from NZME were not as good as expected because of an advertising slump. This is the same thing the New York Times is going through, most of the industry

en-US

3:47

Jessica Walker: Consumer NZ Communications and...

Best of Business ·

2024/02/29

There's salt in the wound for Christchurch Blink-182 fans after bassist Mark Hoppus was filmed ripping on the city. It comes after the band announced they were cancelling their Christchurch show, just two weeks ahead of the event taking place. Consumer NZ Communications and Campaigns Manager Jessica Walker says the band's actions have encouraged fans to seek extra compensation beyond tickets. "It's worth seeing if you can get your money back under the Consumer Guarantees Act, or maybe even the Fair

en-US

3:26

David Seymour: ACT Party leader wants TVNZ to pay...

Best of Business ·

2024/02/29

ACT Party leader David Seymour has asked Treasury to look into the returns the station is offering tax-payers, after 1News' competitor Newshub revealed it was broke. Warner Bros. Discovery has proposed shuttering Newshub from July, axing one of the country's biggest commercial news operators. Seymour says it's possible requesting dividends could improve returns- and competition. "It's one possibility- having one big state competitor that gets a pretty easy run in terms of getting taxpayer capital

en-US

2:21

Simon Parham: Waitomo Chief Executive 'surprised' by...

Best of Business ·

2024/02/29

An issue with paying for fuel at outdoor pumps has been confirmed as being related to the leap year. The extra day in February has affected Allied, Waitomo, Gull and BP truck stops, stopping customers from paying for their gas. Software provider Invenco was meant to roll out a fix at 3 o'clock - but that hasn't happened. Waitomo Chief Executive Simon Parham says it's surprising because it's not the first time we've had a leap year. "I think it's near a base in the software where they've just missed

en-US

4:47

Brad Olsen: Infometrics Principal Economist on Adrian...

Best of Business ·

2024/02/28

The Reserve Bank Governor says inflation is still too high to consider cutting the OCR. Adrian Orr held the OCR steady at 5.5 percent today, in line with most economist's expectations. Infometrics Principal Economist Brad Olsen says the Bank's on the right track to bringing down inflation. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:54

Katlyn Parker: Milford Asset Management analyst on...

Best of Business ·

2024/02/28

The Reserve Bank Governor has held the Official Cash Rate at 5.5 percent today, as expected by most economists. Adrian Orr says there was discussion on whether to bring in a small hike, but the Monetary Policy Committee concluded holding was the right move. Milford Asset Management's Katlyn Parker analyses the market reaction to this announcement. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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