Best of Business

US President Donald Trump has made significant progress on establishing critical mineral deals with Australia and Japan, prompting speculation from experts. Rare earth minerals contribute to plenty of modern technology, including drones, smartphones and EVs, and these deals have seen stocks shoot up since. Mineral economist Dr Allan Trench explained these deals further - and what investors can lea...

New research out of Australia has revealed the cost of unpaid household labour - and it's a high figure not recognised in economics statistics. These tasks - including cooking, cleaning and caring for family members -are reportedly worth about A$688 billion, according to new reports.  Canberra University economics professor Leonora Risse says many of these tasks are essential services, and mo...

Over in Australia, new data shows national home values rose 1.1 per cent over the month of October, and 6.1 per cent over the year. All of Australia's major cities saw significant rises, with investors and first home buyers setting records as they tried to outbid each other. Australian correspondent Oliver Peterson raises the question of what this data could mean for future rate cuts. LISTEN ABOVE...

Rod Duke has been selling things since he was 16. First shoes, then appliances, and eventually homewares and sportswear.   Born in Adelaide, Duke came to New Zealand in 1988 to spruce up a flailing Briscoes for sale. Two years later he scored the best Briscoes deal ever, he bought the whole company himself for $2.   He ended up with 12 shabby stores, where dusty wine glasses were sitting...

Dame Noeline Taurua was stood down as the coach of the Silver Ferns in September due to 'significant issues' in the team. After many public statements and interviews, she was reinstated at the end of last month.  Netball NZ, her employer, remained just vague enough that the public could allow their imaginations to run wild about what had happened.  Andrew Bayly, MP for Port Waikato, resi...

Dame Wendy Pye is one of the most successful businesspeople in New Zealand. She’s a rich-lister, her publishing company Sunshine Books has sold over 300 million books worldwide, she's met countless more world leaders, and she was the first living woman to be inducted into the New Zealand Business Hall of Fame.   But it hasn’t all been easy. Dame Wendy has gone through a life chang...

New data shows AI is still holding strong in current financial markets. Meta, Microsoft and Google recently unveiled their earnings, and the data indicates there's clear demand for AI. Same Dickie from Fisher Funds explained further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

I've got an update for you on the social media ban for kids situation - over in Australia, the social media companies have now admitted they can kick underage kids off their platforms, and they've admitted that they will start enforcing the ban when the ban in Australia comes into effect on December 10th. Now, this is not a surprise to me that they can actually do it, because I never believed the...

Air New Zealand says it's committed to maintaining regional connections, despite the Government turning down its offer.  CEO Nikhil Ravishankar last week pitched a temporary subsidy for lesser used domestic flights, saying it might be necessary to keep them operational.  But Prime Minister Chris Luxon says a subsidy isn't the answer, and Air New Zealand should shift its focus. Ravishanka...

Fonterra's farmer shareholders should get a decent payout from the sale of consumer brands like Anchor and Mainland. They've overwhelmingly voted for a $4.2 billion dollar sale to French company, Lactalis. ASB economists predict the sale will deliver a tax-free capital return of $3.2 billion - or $400,000 per farmer.  Chief executive Miles Hurrell says that's close, with a wide spectrum of fa...

Signs are looking good for Fonterra's major sell-off to get the green light this morning.  By 10:45 today, the shareholders will decide if selling big brands like Anchor and Mainland to global dairy giant Lactalis is the right decision.  Fonterra Shareholder and Supplier Garry Reymer told Ryan Bridge that the majority of shareholders seem to be in favour of the sale. 'I hear a few farmer...

Labour recently confirmed it aimed to campaign on the introduction of a capital gains tax on commercial and investment residential property. Leader Chris Hipkins also claimed the money raised would be used to fund the health system, but questions have been raised over whether this proposal can work. NZ Herald Wellington business editor Jenee Tibshraeny weighed up the idea, and whether Labour can b...

It's been a tough couple of years for the economy, but there's hope things will pick up sooner rather than later. There's been an improved outlook on the NZX and NZME recently posted that it had upgraded its earnings forecast. Jeremy Hutton from Milford Asset Management explained further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The rate Labour settled on for its capital gains tax policy is partially below the recommendation made by the tax working group six years ago. The proposed 28 percent rate would apply to commercial and investment properties from July 2027 - with the revenue going towards health system. Independent tax expert Geof Nightingale weighed up whether this proposal would bring in what Labour's promising....

Companies sharing small numbers of subscription passwords to access paywalled news content may face legal scrutiny. Business website NBR has reached settlements with three major corporates, including a national law firm, for what it calls the 'illegal stealing of its content'. NBR owner Todd Scott says this case is a 'friendly warning shot' for the impacted companies.  LISTEN ABOVE See omnyst...

The Government is throwing it's weight behind aged care reform.  A ministerial advisory group has been established to review the outdated funding model, which currently costs $2.5billion a year.  Chief Executive of the Aged Care Association Tracey Martin told Mike Hosking that the government is ready to make progress instead of writing more paperwork.  'The announcement that has bee...

It's set to get easier for New Zealand businesses trading in South East Asia, as the Prime Minister's in Malaysia to finalise a regional deal. Chris Luxon is in Kuala Lumpur for the ASEAN summit and will finalise a Comprehensive Strategic Partnership with the association. ASEAN has 11 member countries such as Malaysia, Thailand, Singapore and Laos. Trade Minister Todd McClay told Mike Hosking that...

The Prime Minister's met with various South East Asian leaders but missed out speaking with US President Donald Trump, as he attends talks in Malaysia. Chris Luxon's attending the ASEAN summit in Kuala Lumpur for bilateral talks with regional leaders.  Donald Trump was at the talks briefly, before leaving for Japan to meet their new leader. Senior Political Reporter Azaria Howell told Ryan Br...

New Zealand's economy could look to benefit from Fonterra’s proposed sale. The proposed sale of Anchor and Mainland brands to French company Lactalis could unlock around 4.5 billion in additional spending. ASB Chief Economist Nick Tuffley says they estimate around 60 percent of shareholding farms could receive at least 200-thousand dollars. He says the likely pay out would happen in the first half...

MetService says the strong winds that battered the South Island and lower North are now easing - but there are still a few things to keep an eye on. Red wind warnings have lifted for Canterbury, Southland, Stewart Island, Clutha, Wellington and Wairarapa. Widespread power outages remain across Canterbury, Wairarapa, Manawatu-Whanganui, Marlborough and Southland, where some repairs could take more...

More and more businesses are rolling back sustainability initiatives and DEI requirements, but one expert says it still pays to be progressive. The Net Zero Banking Alliance has shut down, Nestle has pulled out of the Dairy Methane Action Alliance and the Government recently loosened climate reporting requirements for companies. Despite this, former Starbucks Chief Sustainability Officer Michael K...

Kiwis will be able to buy a share in a house for as little as $100 with a new investment platform launched today that promises to break down the barriers to home ownership. Housies will allow investors to buy shares in a house and receive returns from rental income or long-term capital growth. Co-founder James Jordan says this will allow people to easily get access to a home if they invest enough....

Labour plans to expand rebate for game development industry. Labour says that, if re-elected, they will expand the game development rebate, which gives Kiwi studios access to $40million a year to grow the industry.   The subsidy currently covers 41 different game studios, and in the 2025 financial year $24million of the $40million was spent.  Game Developers Association Executive Directo...

The Government is more than halving the number of entities that need to make climate-related disclosures. It has proposed to only require listed issuers with market capitalisations of more than $1 billion to make disclosures. Currently, the threshold is $60 million. NZ Herald Wellington business editor Jenee Tibshraeny explains the changes further. LISTEN ABOVE See omnystudio.com/listener for priv...

More financial experts have raised concerns about an AI bubble - and what it could mean for the wider economy. Multiple AI companies are attracting the attention of investors, and this interest is projected to grow, but concerns have been raised. Milford Asset Management Andrew Curtayne explained further. LISTEN ABOVE See omnystudio.com/listener for privacy information.