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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.

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All Episodes

8:28

Adrian Orr: RBNZ Governor is confident the country is...

Best of Business ·

2023/08/16

The Governor of the Reserve Bank is confident the country is on track to squeezing out inflation. Adrian Orr is keeping the Official Cash Rate at 5.5 percent, with the possibility of another hike later this year. Inflation is still running high on 6 percent. Orr told Mike Hosking we're sitting in a pretty strong position. He says the economy's outlook is one of subdued domestic spending, continued export earnings, and working through the inflation period. Adrian Orr says this is the story

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3:01

John Carran: Investment strategist is concerned NZ's...

Best of Business ·

2023/08/16

Concern the country's economic outlook isn't taking China seriously. The Official Cash Rate remains unchanged at 5.5 percent. There's a chance the OCR might need to go up soon, due to inflation woes. Meanwhile, the Chinese economy is struggling, with reports the publication of the youth employment rate is now banned. Jarden Investment Strategist John Carran told Mike Hosking interest rates and the high cost of living all weigh on the economy. He says it reflects the fact New Zealand exports are not

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4:24

Kelvin Davidson: Property Economist says OCR...

Best of Business ·

2023/08/16

The housing market is unlikely to be greatly impacted by the latest Reserve Bank announcement. The bank confirmed the Official Cash Rate will remain at 5.5 percent, although there is a possibility this could be raised again this year. Corelogic Chief Property Economist Kelvin Davidson told Kate Hawkesby the decision is neutral for the housing market, with a muted recovery still likely. He says whatever was going to happen to the housing market will still happen. Davidson says there is no need to

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4:08

Susan Kilsby: ANZ Agricultural Economist fears the...

Best of Business ·

2023/08/16

It's thought the majority of farmers won't make a profit this year. The country’s biggest farm lender ANZ says some farmers are struggling to make their debt repayments. Total lending to agriculture rose by $564 million in June the highest rise since June 2018. ANZ Agricultural Economist Susan Kilsby says told Mike Hosking some customers are looking to defer debt repayments until the end of the season. She says banks will be working closely with farmers to find solutions to help them through this

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4:50

Jacqueline Rowarth: Dairy NZ director on dairy prices...

Best of Business ·

2023/08/16

Global dairy prices plunged by 7.4 percent overnight at the Global Dairy Trade auction. Whole Milk Powder - a key driver for Fonterra's prices - dropped 10.9 percent, the lowest level in nearly 5 years. Dairy NZ director Jacqueline Rowarth says this decline is partially led by softening demand from China amid Covid-19 restrictions. "This has been a game that has been played before, it's very difficult to tell what's going on in China. We love them as a market, but in terms of customers, it can be

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3:52

Katlyn Parker: Milford Asset Management analyst on...

Best of Business ·

2023/08/16

The Reserve Bank has kept the Official Cash Rate at 5.5 percent, in line with predictions from banks and economists. Many experts believe the OCR may shift later in the year to get the CPI down to target range. Milford Asset Management analyst Katlyn Parker says there was limited market reaction to the announcement, but it's hard to think of more positives for the economy in the coming months. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:51

Ross Taylor: Fletcher Building Chief Executive on...

Best of Business ·

2023/08/16

Tough times for one of New Zealand's largest listed construction companies. Fletcher Building's annual net profit fell 46 percent to $235 million, according to a statement released to the NZX today. CEO Ross Taylor says the extra costs incurred by the troubled international convention centre in Auckland are causing the company some grief. "We're committed to getting the convention centre delivered and open, it'll be a world-class facility. But it's fair to say it's causing us some grief on the way

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2:27

Jarrod Kerr: Kiwibank Chief Economist surprised the...

Best of Business ·

2023/08/16

The Reserve Bank has signalled it wants interest rates to stay unchanged for some time. It's kept the Official Cash Rate at 5.5 percent, matching predictions. But Kiwibank Chief Economist Jarrod Kerr says he's surprised, because the RBNZ seems more concerned about inflation than Kiwibank is. "I think they came out with a very strong message that we want to keep wholesale rates high, we want to keep lending rates high, to be absolutely certain that inflation will return to target." LISTEN ABOVESee

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2:26

Mike's Minute: Our high wage growth has been engineered

Best of Business ·

2023/08/15

In watching the Prime Minister yesterday in the house, I once again wondered to myself whether he either has a clue economically, or whether he actually does but just assumes the people who may vote for him don't, so he can pull the wool over their eyes. This time it was about the wages. He was crowing about the wage stats, saying the wage stats are up, hourly earnings are up and the median wage is up. Everything is up! But - it's up above inflation. Despite what the Prime Minister is desperately

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2:45

Richard McIntyre: Federated Farmers Dairy Chair...

Best of Business ·

2023/08/15

Global dairy prices plunged by 7.4 percent overnight at the Global Dairy Trade auction. Whole Milk Powder, which has the biggest influence on Fonterra's milk price, dropped 10.9-percent. It comes less than two weeks after the dairy co-op drastically cut its forecast Farmgate Milk Price - with the midpoint falling from $8 to just $7. The result is unsurprising considering Fonterra was putting more product up for sale on the auction platform, their oversupply of milk in China and overall weak

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4:00

Michael Reddell: Former RBNZ economist says the...

Best of Business ·

2023/08/15

A former Reserve Bank economist says the Official Cash Rate may not be able to be halted for long. The central bank will give its latest update today, with economists predicting it will stay at 5.5 percent. At its last review the bank expected it to remain at a restrictive level for some time. But Michael Reddell told Mike Hosking you could make a credible case for at least signalling the prospect of some more tightening now, or in the next two or three months. LISTEN ABOVE See

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3:12

Kelly Eckhold: Westpac Chief Economist is sceptical...

Best of Business ·

2023/08/15

A leading economist is sceptical of claims Official Cash Rate hikes will be halted until next year. The Reserve Bank is providing an OCR update today, with economists predicting it will stay at 5.5 percent. Westpac Chief Economist Kelly Eckhold says the bank believes this will be on hold until the second half of next year. But he told Kate Hawkesby with a strong labour market, strong migration, and high inflation, he isn't confident this will be the case. Eckhold says the Reserve Bank may need to

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3:03

Matt Cowley: Tauranga Chamber of Commerce EO says...

Best of Business ·

2023/08/15

Claims have come that businesses are struggling to keep up as wages continue to rise. Stats NZ has revealed median weekly earnings from wages and salaries leapt 7.1 percent annually in the June quarter. It's the second largest annual increase since records began in 1998 and ahead of inflation's 6 percent. Tauranga Chamber of Commerce Chief Executive Matt Cowley told Mike Hosking it's a win for wage earners - but it's tough for employers. He says persistent wage increases feed the inflation spiral

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6:13

Andrew Kelleher: JMI Wealth Director says drop in...

Best of Business ·

2023/08/15

Global dairy prices plunged by 7.4 percent overnight at the Global Dairy Trade auction. Whole Milk Powder, which has the biggest influence on Fonterra's milk price, dropped 10.9-percent. It comes less than two weeks after the dairy co-op drastically cut its forecast Farmgate Milk Price - with the midpoint falling from $8 to just $7. JMI Wealth Director Andrew Kelleher told Mike Hosking the drop was expected. He says the real issue is how long prices will stay this low for. LISTEN ABOVE See

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3:25

Tom Hartmann: Personal finance expert on data showing...

Best of Business ·

2023/08/15

More than half of New Zealanders say they're starting to sink when it comes to money. Fresh data collected by the Retirement Commission, shows 55 percent are having a hard time with their finances, up 17 percent from 2021. However, Sorted Personal Finance Lead Tom Hartmann told Kate Hawkesby the research also shows more people are starting to focus on positive money management skills. He says more people are considering purchases before they buy, which will help get through this financial rough

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3:37

Paul Spain: tech commentator on Sky facing backlash...

Best of Business ·

2023/08/15

Sky TV are on the receiving end of backlash over their recent business decisions. The Herald's Chris Rattue has labelled the Sky Box an 'absolute dog', lambasting its recording abilities and 'general clunkiness'. Sky have also announced that their broadband and entertainment package prices will increase by 10 percent, starting October 1. Tech commentator Paul Spain says Sky is moving towards a new era, and any change is going to seem inconvenient or jarring. LISTEN ABOVESee omnystudio.com/listener

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3:49

Jen Baird: REINZ chief executive on new figures...

Best of Business ·

2023/08/15

New REINZ figures show the housing market is still subdued- but some buyer confidence is returning. Their house price index shows the national median house sale price has dropped 1.3 percent in the month to July and sales have declined 15 percent. Despite this, REINZ chief executive Jen Baird says there's been a clear uptick in buyer activity. "More people are showing up at open homes, more people are showing up at auctions and we are starting to see that in sales volumes." LISTEN ABOVESee

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3:48

Paul Spoonley: Immigration specialist on NZ posting...

Best of Business ·

2023/08/14

Kiwis are leaving New Zealand at record highs - but net migration is still up. For June this year net migration rose to 86,000, the largest it has been in three years. The increase is down to a gain of 121,600 non-New Zealand citizens which was offset by a loss of 34,800 New Zealand citizens. Massey University Sociologist and Immigration specialist Paul Spoonley joined Mike Hosking to discuss. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:25

Brad Olsen: Economist says there are numbers rolling...

Best of Business ·

2023/08/14

New Zealand's economy has managed to gain momentum over the past three months, despite pressures. The Infometrics economic monitor says there was a 1.4 percent rise in economic activity in the June quarter, compared to the year before. That's despite a technical recession and tough interest rate increases. Principal Economist Brad Olsen says there are other numbers rolling in that look good. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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11:12

Chris Hipkins: Prime Minister fronts to clarify finer...

Best of Business ·

2023/08/14

Clarification has come as Labour's new policy to ditch GST from fruits and veggies could be causing a headache for consumers. It's vying to cut the 15 percent sales tax from fresh and frozen fruits and vegetables, if it governs at the next election. Hipkins was asked to front up on the finer details of the plan; whether garlic or processed frozen veggie mixes would get a tax cut. The Prime Minister told Mike Hosking it's for unprocessed ingredients. Hipkins says the finer details will be sorted

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3,595 results

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