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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

4:27

Liam Dann: NZ Herald business editor on the...

Best of Business ·

2023/04/06

The Reserve Bank hiked up the OCR higher than expected- and it shocked a lot of experts. The Official Cash Rate went up 50 basis points to 5.25 percent, the highest it's been since the 2008 global financial crisis. NZ Herald business editor at large Liam Dann says the Reserve Bank delivered exactly what they said they were going to in February. Liam Dann explains that the Reserve Bank would have done all the necessary net equations, and stuck to their guns in Wednesday's announcement. LISTEN

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2:23

Mike's Minute: The OCR rise clearly shows our economy...

Best of Business ·

2023/04/05

So here's the first realisation that we face out of the Reserve Bank's 50 basis point rise - it was 50 points. It proves, yet again, no one seems to really have a handle on what's going on. Secondly, and most worryingly, is it was 50 points. While Australia sees no need to move at all, we are still in the large end of the spectrum. The Americans moved by 25 points, but we moved by 50 because of the size of our hole. And with the cash rate at 5.25% it is surely more than fair to suggest that the top

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7:47

Steven Joyce: Former Minister of Finance comments on...

Best of Business ·

2023/04/05

Yesterday's 50 basis point rise of the OCR by the Reserve Bank puts us at 5.25%. It is now the 11th successive hike and is the highest level since December 2008, so questions have been raised as to how will our economy fare. Former Minister of Finance Steven Joyce joined the Mike Hosking Breakfast. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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1:57

Tim Dower: Latest OCR rise further proves the economy...

Best of Business ·

2023/04/05

Another half-percent on the OCR, which was harsher than most pundits had predicted and takes the cash rate to 5.25 percent. 11 hikes in a row now, yet inflation is still painfully high. The RBNZ says employment is also still beyond what's sustainable and it says recent weather events have pushed some prices even higher. The fact the economic pundits were caught off guard is more than a bit of a worry. ”No one saw this coming”...that's Imre Speizer at Westpac. Capital Economics is now picking a

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4:53

Craig Renney: Trade Unions economist would like to...

Best of Business ·

2023/04/05

A claim has come that the Official Cash Rate increase will continue to hit pockets and stretch incomes The Reserve Bank has shocked many by hiking the OCR 50 basis points to 5.25 percent. Council of Trade Unions economist Craig Renney would like to see increases paused, so people can get used to it. He told Tim Dower lots of people are facing multiple economic strains at once. Renney says many are facing increasing mortgages on top of existing cost of living concerns. LISTEN ABOVE See

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3:37

Dr René de Monchy: Tourism NZ CEO weighs in on...

Best of Business ·

2023/04/05

Yesterday, Former head of Tourism Industry Aotearoa and current managing director of tourism research agency Angus and Associates Chris Roberts joined the Mike Hosking Breakfast for a discussion around public-private partnership within the tourism industry. Tourism NZ heard the discussion and they wanted to join the conversation around what we are already doing and what the sector has in it's future plans. Tourism New Zealand chief executive Dr René de Monchy joined Mike Hosking. LISTEN ABOVE See

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3:38

Steve Jurkovich: Kiwibank CEO says unexpected...

Best of Business ·

2023/04/05

Tough times are expected to follow the Official Cash rate hike, which caught many by surprise. The Reserve Bank increased the OCR by 50 basis points to 5.25 percent. Kiwibank Chief Executive Steve Jurkovich says it will be a knock to business confidence and will mean people tightening their belts. But he told Mike Hosking it's balancing out previous extreme trends. Jurkovich says we've had low interest rates for a long time. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:02

Charlie Reynolds: Federated Farmers say some farmers...

Best of Business ·

2023/04/05

Federated Farmers say some farmers feel like the Government has abandoned them two months after Cyclone Gabrielle. An additional $23-million has been approved by the Government to help those affected, bringing the total to $78 million. More than half of the 6,000 applications have already been approved, with $37 million so far paid out. But Federated Farmers Acting Gisborne-Wairoa President Charlie Reynolds told Mike Hosking they need a lot more money. He says every month that goes past without mass

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5:51

Andrew Kelleher: JMI Wealth Director says the...

Best of Business ·

2023/04/05

Persistent inflation has failed to be dampened down by consistent Official Cash Rate increases. The Reserve Bank has hiked it by 50 basis points to 5.25 percent, defying many economists' expectations. JMI Wealth Director Andrew Kelleher says weather events are partially to blame for inflation. But he told Mike Hosking the Government needs to acknowledge its contribution. Kelleher says there should be no argument that its spending is a risk to inflation. LISTEN ABOVE See omnystudio.com/listener for

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4:35

Jacqueline Rowarth: Dairy NZ director says targeted...

Best of Business ·

2023/04/05

Dairy NZ says targeted payments are the best solution to help farmers affected by Cyclone Gabrielle. The Government has approved an additional $23 million to help those affected, raising the total to $78 million. More than half of the applicants have already been approved, with $37 million paid out already. Farmer-elected director Jacqueline Rowarth told Tim Dower throwing money at the problem isn't always the best option. She says we should bring in experts to point out where the money can be used

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3:57

Irene Gardiner: SPDA President on Netflix series...

Best of Business ·

2023/04/04

The New Zealand-filmed Netflix series Sweet Tooth generated $66 million for our GDP. And with Kiwi's making up 95 percent of crew and 80 percent of cast it also stimulated 1180 jobs. The series, granted $9.6m from the New Zealand Screen Production Grant for New Zealand productions as part of a government screen incentives scheme and generated $7 for every $1 invested. SPDA President Irene Gardiner joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:00

Michael Gordon: Economist predicts another hike of...

Best of Business ·

2023/04/04

Economists are expecting another hike of the OCR by the Reserve Bank today. Most are picking a 25 basis point rise taking it to 5 percent, this would be the highest since December 2008. Westpac acting chief economist Michael Gordon joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:51

Chris Roberts: Tourism expert discusses whether a...

Best of Business ·

2023/04/04

Could a public-private partnership be the key to survival of tourism? Tourism experts are calling the sector to break away from the high-volume model of tourism seen in 2019 - and instead focus on a new public-private partnership model that reflects a inter-sector collaborative approach of the future of tourism. Former head of Tourism Industry Aotearoa and current managing director of tourism research agency Angus and Associates Chris Roberts joined Mike Hosking. LISTEN ABOVESee

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3:01

Sharon Zollner: Economist predicts OCR could rise to...

Best of Business ·

2023/04/04

Another hike is expected for the Official Cash Rate this afternoon. Most economists think the Reserve Bank will be slightly more conservative, with a 25 basis point rise. But that will still take the OCR to 5 percent, which will be the highest it's been since December 2008. ANZ chief economist Sharon Zollner joined Kate Hawkesby. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:47

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2023/04/04

TVNZ's CEO Simon Power is stepping down after 15 months in the role. He will leave the company on June 30th, and says it's "been a privilege" to lead the company while it worked through the now-scrapped TVNZ/RNZ merger. BusinessDesk managing editor Pattrick Smellie suspects it wasn't the dumped merger that pushed Simon Power to quit. Pattrick Smellie says several TVNZ board members have just been reappointed beyond March 31 and Willie Jackson may want to try implement aspects of the merger, leading

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4:04

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

Best of Business ·

2023/04/04

Bad news for clothing and homewares retailer EziBuy. The company has been put into administration by its Australian owners - which is likely to be the end of the line for the business. Owner Mosaic Brands says EziBuy’s sales have fallen 51 percent year-on-year in the first half of the financial year. Head of retail at Devon Funds, Greg Smith says the business had been starting to decline for some time. He explained it was profitable during the pandemic for a time, but most businesses that did well

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10:39

Chris Hipkins: Prime Minister says legitimate...

Best of Business ·

2023/04/03

The Prime Minister says legitimate concerns have been raised about lobbyists' access to MPs. Private-sector and union reps are losing swipe-card access to Parliament, with the Cabinet Manual also being refreshed. Support is being offered to third-party lobbyists to establish a voluntary code of conduct. Chris Hipkins told Mike Hosking the perception our democracy is robust and operates without influence, is incredibly important. “I supported changes around lobbying or proposed changes to lobbying

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3:02

Julia Jones: Dairy sector expert on Fonterra reducing...

Best of Business ·

2023/04/03

Fonterra's revised forecast for the 2022/23 shows a worrying outlook for the dairy industry. The milk giant has revised down its farmgate price to between $8.00 and $8.60 per kg of milk solids. It's a sharp drop from the record payout of $9.30 last season. Head of Insight at NZX Limited and dairy sector expert Julia Jones joined Kate Hawkesby. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:29

Holly Bennett: Lobbyist says it's not particularly...

Best of Business ·

2023/04/03

A belief the Government's moves to ensure transparency within the lobbying sector is perfunctory. The Prime Minister's giving support to third-party lobbyists to establish a voluntary code of conduct. Private-sector and union reps are losing swipe-card access to Parliament. The Cabinet Manual will be updated, to clarify expectations for Ministers' conduct when choosing future employment. Lobbyist Holly Bennett told Mike Hosking it's not particularly difficult to get access to a Minister. “And that

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3:54

Tim Mackle: Dairy NZ chief executive on Fonterra...

Best of Business ·

2023/04/03

Since the news of Fonterra recording a 50 percent increase in record profits, it has now cut its season forecast milk payment to farmers. The forecasted payments have lowered to a range of $8.00 to $8.60 per kg of milk solids, reducing the midpoint of the range by 20 cents from $8.50 to $8.30 per kg. They are putting the blame on global demand from China weakening. Dairy NZ chief executive Tim Mackle joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3,595 results

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