Best of Business

Micron announced its third quarter earnings earlier, beating out analysts' expectations and surpassing estimates for the company's Q4 revenue outlook.
Micron's stock has also gone up as a result, pushing up chip stocks.
Fisher Funds expert Sam Dickie explained further.
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Federated Farmers has elected a new national president from South Canterbury.
Waimate arable and dairy farmer Colin Hurst has replaced Wayne Langford.
He's served as vice president for the last three years - and been spokesperson for freshwater, biodiversity, and fire and emergency issues.
Former Federated Farmers president Wayne Langford says he's worked with Colin Hurst for a number of years and he's got confidence in his replacement.
"He'll go well and he'll bring a different style to me, but that tends to be what you find - if you look at Andrew Hoggard, who was before me, he's quite different to me."
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Our relationship with China takes centre stage in Auckland this morning.
The 12th annual China Business Summit brings together business and political leaders to explore areas for cooperation amid deepening global uncertainty.
New Zealand exported nearly $20 billion worth of goods to China last year.
Auckland Business Chamber chief executive Simon Bridges told Mike Hosking political leaders have been shifting this country closer to our security partners, but they still have to maintain New Zealand's commercial interests.
He says in contrast to the climate of uncertainty surrounding US President Donald Trump, his tariffs, and the war, China has positioned itself as a predictable and reliable partner.
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A former Heart of the City board member says the organisation's lost its focus.
Six of the Auckland city-centre business association's seven voting members have quit after months of turmoil which saw its chief executive temporarily stood down.
Its board says the organisation isn't compliant with its own constitution and recommends Auckland Council withhold funding and consider an audit.
Murray Crane told Mike Hosking Heart of the City's no longer effective.
He believes it's become very bureaucratic and members are dealing with a lot of things they shouldn't have to.
Crane says it comes at a stressful time for Auckland businesses, and if times were good and businesses were humming, the organisation would work really well.
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Labour isn’t the only party faced with a funding challenge related to the country’s pay equity regime.
The three pay equity claims in the works relate to people who work for organisations partially funded by the Government - Plunket, Hospice and Bupa Aged Care.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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