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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

2:37

Mike's Minute: We need a report into why we do so...

Best of Business ·

2023/06/20

If you are really interested - and that in part is the problem - are we really interested? We all moan about banks. Banks are big and they are successful, but are they really the robber barons the critics make them out to be? Well, do we have a market study for you. A preliminary paper by August, that will give us a bit of a steer as to what we are looking at. Followed by the full report in August of next year. Most likely under a new government, that has to be fair to them offered up a similar

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3:27

Peter McIntyre: NZ Berryfruit Propagators chair fears...

Best of Business ·

2023/06/20

A strawberry shortage is looming. Due to damage from the extreme weather and continued labour shortages, it looks like there will be a lack of strawberry plants to sell when the season kicks of in July and August. Last year 13.5 million plants were sold, but this year we are looking at around 9 million. New Zealand Berryfruit Propagators chair and retired strawberry grower Peter McIntyre joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:20

Roger Beaumont: Banking Association CEO says sector...

Best of Business ·

2023/06/20

Banks are standing by their right to make a profit ahead of a new Commerce Commission inquiry. The Government has ordered the commission to conduct a "market study" into the banking sector's fees and profits, with a report due back in August next year. Further details of the scope and timeline of the investigation will be released this afternoon. Banking Association Chief Executive Roger Beaumont told Mike Hosking the banking sector welcomes the study and stands by its practises. He says banks are

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3:03

Dave Mazley: Whakapapa Holdings Chief Executive...

Best of Business ·

2023/06/20

A last minute saving-grace has come as the Ruapehu skifields are on thin ice. A government and council-backed option for Whakapapa Holdings and Pure Turoa to take ownership was not voted through yesterday. Whakapapa Holdings Chief Executive Dave Mazley told Mike Hosking he expects Ruapehu Alpine Lifts to be liquidated after court today. Pure Turoa says as liquidators, PWC will go forward with purchasing agreements. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:10

Weston Kirton: Ruapehu Mayor says everyone is waiting...

Best of Business ·

2023/06/20

Uncertainty is plaguing Ruapehu. A bid to liquidate Ruapehu Alpine Lifts is being heard in the High Court in Auckland this morning, dubbed a 'worst case scenario' by some. The Government and local council's preferred option, to allow two companies to take over skifield ownership, did not make it over the line in meetings yesterday. Ruapehu Mayor Weston Kirton told Kate Hawkesby everyone is waiting with bated breath to see if companies step in and make a purchase. LISTEN ABOVESee

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4:14

Pattrick Smellie: BusinessDesk managing editor on the...

Best of Business ·

2023/06/20

New Zealand's major banks are set to go under the microscope. The Government has confirmed a Commerce Commission probe into banking sector competition and barriers new market competitors face. The Commission will also investigate banks’ profitability and other financial measures. BusinessDesk managing editor Pattrick Smellie says history indicates this probe won't deliver as much as people hope for- or expect. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:16

Jason Platt: Ruapehu Stakeholders Association...

Best of Business ·

2023/06/20

Ruapehu Alpine Lifts is heading towards liquidation weeks out from the 2023 ski season. Creditors didn't come to an agreement on the company's future today, which went into voluntary administration last year. A hearing is set down for tomorrow at the High Court in Auckland. Ruapehu Stakeholders Association chairman Jason Platt says this scenario was exactly what the organisation expected. "This only delays it by a day, so it's more of a technicality. Tomorrow, it will be liquidated regardless and

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3:04

Duncan Webb: Commerce and Consumer Affairs Minister...

Best of Business ·

2023/06/20

The Government says there's no quick fix for the banking sector. It's ordered the Commerce Commission to probe bank profits and competition. A preliminary paper's due in August, and a final report a year later. Commerce and Consumer Affairs Minister Duncan Webb says simply pumping money into Kiwibank isn't the answer. "There might be structural issues in the market. It's not my call where the capital goes, but just doing that wouldn't fix any structural issues. We want to know what is actually going

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4:29

Sam Stubbs: Simplicity director discusses...

Best of Business ·

2023/06/20

A high-powered microscope will be trained on New Zealand's banks. The Government has just confirmed a Commerce Commission probe into banking sector competition. Top of mind will be understanding competition issues and barriers new market competitors face, as well as looking into consumers' ability to switch banks. The Commission will also investigate banks’ profitability and other financial measures. A preliminary issues paper will be released in August, but the study isn't due back until the same

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3:05

Andrew Cushen: Climate Forestry Association CEO...

Best of Business ·

2023/06/19

Four new adjustments to the Emissions Trading Scheme have been proposed for consultation - all of which aim to make it less attractive for businesses to offset their carbon emissions using forestry. The most drastic proposed change is to take forestry out of the scheme entirely by creating two separate markets to form different incentives for gross emissions reductions and emissions removals - meaning emitters wouldn’t be able to use forestry units to pay for their emissions. Climate Forestry

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3:44

Claire Matthews: Business professor ahead of Govt...

Best of Business ·

2023/06/19

Today the Government are set to announce a Commerce Commission inquiry into banks - with the focus expected to be on profits and fees. In 2022, retail banks made a $7.8 billion net profit, $1 billion higher than the year before. Associate professor at the Massey University Business school Claire Matthews joined the Mike Hosking Breakfast. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:32

Grant Dodson: Forest Owners' Assn president says...

Best of Business ·

2023/06/19

The forestry industry is sick of being made into the villain on reducing emissions. The Government is proposing to amend the Emissions Trading Scheme and incentivise innovation over off setting through planting. One option is taking forestry out of the scheme altogether and creating two separate markets. Forest Owners' Association president Grant Dodson says it's a bad idea and he joined Kate Hawkesby. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:27

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

Best of Business ·

2023/06/19

Prime Minister Chris Hipkins has locked in a coveted confab with Chinese President Xi Jinping. Hipkins heads to China on Sunday, alongside a large delegation of high-flying New Zealand businesspeople. He'll be travelling to Beijing, Shanghai and Tianjin. NZME business commentator Fran O'Sullivan says Chris Hipkins will use the trip to boost the New Zealand-China trade relationship. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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8:43

Grant Robertson: Finance Minister adamant the...

Best of Business ·

2023/06/19

The Government says the fundamentals of our economy are really strong. When asked how he rates the chances of a credit rating downgrade, Finance Minister Grant Robertson says we're still in a good spot. "The IMF here recently and others, they've had long term concerns about aspects of the New Zealand economy like the current account balance, but they also weigh that up against things like levels of debt and the way that the Government manages the accounts." LISTEN ABOVE See omnystudio.com/listener

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37:19

Ashley Church: Will we know what a market turn looks...

Best of Business ·

2023/06/17

This week, OneRoof property commentator Ashley Church weighed in on the state of the market and the signs it may turn. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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7:15

Robert McCulloch: Macroeconomics professor disagrees...

Best of Business ·

2023/06/16

Upon the release of the GDP figures confirming New Zealand has entered two quarters of contraction and so is in a recession, Grant Robertson issued a press statement headed "Economy takes knock from Auckland floods and Cyclone". Robert McCulloch, who writes the blog Down to Earth Kiwi and is the Matthew S. Able Professor of Macroeconomics at the University of Auckland begs to differ. He joined Kerre Woodham Mornings. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:13

Mike's Minute: The economic chickens have come home...

Best of Business ·

2023/06/15

As the economy sinks, the Government sinks with it. What a shocking week. We have officially been in recession. Don’t let them con you into the “technical recession" line. A recession is a recession and going backwards is going backwards. I have no reason to believe that in the past three months of April, May and now June things have changed. And I have no reason to believe the Reserve Bank is wrong when they forecast a recession, which, in this case, might prove to be a double dip recession in the

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10:57

Grant Robertson: Finance Minister responds to claims...

Best of Business ·

2023/06/15

Prime Minister Chris Hipkins believes New Zealanders will recognise the domestic and global factors that have contributed to two consecutive quarters of negative economic growth, considered a technical recession, when it comes time to vote later this year. Statistics NZ data released yesterday confirmed market expectations by showing the economy had shrunk in the first three months of 2023. Revised data showed GDP contracted by 0.7 per cent in the final quarter of 2022, worse than the 0.6 per cent

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5:29

Steven Joyce: Former Finance Minister says the...

Best of Business ·

2023/06/15

New Zealand may not be in a recession, but it's certainly in a slowdown. On paper, the country has officially entered a "technical recession" after recording two consecutive quarters of negative growth. But in reality, the latest 0.1 percent drop in GDP could be revised up, meaning the recession never happened. Former Finance Minister Steven Joyce told Mike Hosking what is certain, is the economy is going through a rough patch that's going to take a while to turn around. LISTEN ABOVE See

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9:30

The Huddle: NZ enters technical recession and Kāinga...

Best of Business ·

2023/06/15

Tonight on The Huddle, Georgina Stylianou, Director of Government Relations firm BRG and Sam Johnson, Projects Director at Still joined in on a discussion about the following issues of the day- and more! New Zealand has officially entered a 'technical recession' according to the GDP figures from Stats NZ. How grim is it out there? Will the economic climate get worse? After speaking up about her “neighbours from hell,” Hamilton woman Katelyn Park has been told that Kāinga Ora will relocate the

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3,595 results

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