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.
Episodes
New reports have revealed that more people are taking advantage of AI when it comes to making investment decisions.
A recent survey claims at least one third of Kiwi investors are using AI to make investment decisions, with 64 percent of respondents between 18 and 29 utilising the technology.
Chartered Accountants ANZ Reporting and Assurance Leader, Amir Ghandar, says concerns have been raised, with some reporting noticeable errors...
New Zealand red meat prices are at record levels and are forecast to remain strong throughout the coming year, despite concerns about inflation.
Board chair Kate Acland says the outlook is positive, with tight global supply set to keep demand high.
The Country's Jamie Mackay explains further.
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Rupert Murdoch’s children have reached a settlement in the legal dispute over control of the right-wing media mogul’s companies, with son Lachlan set to take over.
The new deal establishes a trust to replace the Murdoch Family Trust that had included all the siblings and half-siblings.
Under the agreement, Prudence MacLeod, Elisabeth Murdoch and James Murdoch will receive cash based on equity sales and cease to have holdings in any...
Murray Olds: Australian correspondent on ANZ Australia confirming they plan to cut thousands of jobs
ANZ's Australian parent recently announced a significant restructure, which would see about 3500 employees losing their jobs by September 2026.
ANZ Group said it would also reduce engagements with consultants and other third parties as part of the restructure.
Australian correspondent Murray Olds explained the impact of the restructure.
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Recent US payrolls data has indicated the economy is slowing, and it's sparked concern among investors.
Economists are calling on the US Federal Reserve to lower interest rates at its September 16-17 meeting, in what would be its first reduction in nine months.
Harbour Asset Management's Shane Solly explained further.
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An economist has raised concerns over NZ First's proposed reform for KiwiSaver contributions - and claimed they're not feasible.
NZ First recently promised to make it compulsory and increase contributions from employers and workers to 10 percent - offset by a tax cut.
Simplicity chief economist Shamubeel Eaqub says he approves of the idea of a compulsory scheme, but warns we can't afford a tax-funded one.
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Equity markets have taken a turn this September, and it's prompted concerns among experts.
Markets are softening a bit, which is a remarkably regular occurrence in September.
Sam Dickie from Fisher Funds reveals what's going on.
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There's only three months until New Zealand's first Ikea store opens its doors in Auckland's Sylvia Park.
The Swedish furniture giant's 34,000 square metre store will host seven-and-a-half thousand products.
It'll also see its restaurant open with foods like its famous Swedish meatballs.
Ikea NZ Market Manager Johanna Cederlöf says they've already hired 200 people, with 320 more joining soon.
"Every week, it's going to be ver...
A busy reporting season has concluded for the NZX-listed companies, with some doing better than others.
A2 Milk stood out as a success story from this season, but other listed businesses haven't fared so well.
Milford Asset Management's Jeremy Hutton explained further.
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There are fears the Government’s proposal to change who is liable for shonky buildings risks leaving homeowners in the lurch.
The Government is proposing to prevent local councils from being lumped with big bills if they consent buildings that turn out to be leaky or defective.
NZ Herald Wellington business editor Jenee Tibshraeny reveals why homeowners have voiced concerns.
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Now, we need to talk about that Amazon announcement yesterday.
These guys have taken us for fools in this country. They've looked at us in New Zealand and they've gone, let's take these guys for fools.
That $7.5 billion wasn't new, it was already announced by Jacinda 4 years ago. It's not even actually a convincing number, because it looks like what they've done here is included their power bills.
Now power bills are not ...
Stats NZ came out with the latest trade data for New Zealand - and the results show good news for exporters.
Exports were up 9.9 percent in the year to June and imports were up 3.2 percent.
HSBC chief economist Paul Bloxham explained further.
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There's hopes the promised 1,000 new jobs created from Amazon's locally based data centres will go to Kiwis.
The tech giant's investing $7.5 billion into the Auckland-based centres, which go live today.
It'll mean New Zealand customers can use the new cloud region to run workloads and store data locally.
Amazon Web Services country manager Manuel Bohnet says they're taking a long-term view with this project.
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A luxury real estate agent says there's huge interest only in two areas of New Zealand, with the Government's planned loosening of the foreign buyers ban.
By next year, Active Investor Plus visa holders will be able to build or buy homes worth at least $5 million.
They’ll still need to invest another $5 million separately to qualify.
Forbes Global's Anthony Mosinkhof says Auckland and Queenstown are the main options for foreign buy...
A tech commentator has weighed in on the arrival of Amazon's new Auckland-based data centres, which are set to be built in Auckland.
The tech giant's investing $7.5 billion dollars into the centres, which go live today.
It'll allow New Zealand customers to store data locally and speed up cloud-based services.
Peter Griffin joined the Afternoons team to explain further.
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New economic data impacting the US came out last week and it's got experts speculating over whether rate cuts will come.
Harbour Asset Management's Shane Solly explained further.
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There's relief for regional airlines, as they receive help to battle soaring costs.
The Government's offering up to $30 million in loans from the Regional Infrastructure Fund.
It's also approved funding to allow digital upgrades to be made in order to integrate regional bookings with the platforms of major carriers.
Air Chathams CEO Duane Emeny says this is good news for the sector.
"We're looking to hopefully roll out a dome...
There are questions over whether TVNZ cut too many jobs as it turns a surprisingly strong profit.
The broadcaster's reported an after-tax profit of nearly $26million dollars - after an $85million dollar loss last year.
But it comes after the broadcaster cut jobs - including canning production of programmes like Fair Go, Sunday and the midday and night-time news bulletins.
Talking to Heather Du-Plessis Allan, CEO J...
Luxury spending has been booming over the last couple of decades, but many high-end brands have been taking a financial hit.
Gucci, Chanel, and Louis Vuitton have been seeing significant revenue falls since the Covid-19 pandemic.
Fisher Funds' Sam Dickie reveals what could be behind the downturn.
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Pāmu, formerly Landcorp, recently reported a net profit after tax of $120 million for the year ended June 2025, which will see it return a $15 million dividend.
It's a significant turnaround compared to last year, when the company posted a loss of $26 million.
The Country's Jamie Mackay explained further.
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