Best of Business

The Government is looking at potentially helping Channel Infrastructure increase its fuel storage capacity at Marsden Point.
Channel - New Zealand’s largest fuel import terminal business - has identified some 'very preliminary options' for significantly increasing its diesel storage capacity more quickly than would normally be the case.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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The New Zealand sharemarket turned downwards, finishing with a fall of over 1.53 percent.
The conflict in the Middle East has continued on, and oil prices have kept going up as a result.
Milford Asset Management's Jeremy Hutton explained further.
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It’s believed businesses will hold off on hiking prices for as long as possible as rising fuel prices risk pushing inflation up.
Reserve Bank Governor Anna Breman says fuel prices are likely to lead to higher inflation and weaker growth over the coming months.
She says it's too early to say how much that will push up inflation across the board, or whether the Official Cash Rate will need to be hiked earlier than expected.
BusinessNZ Advocacy Director Catherine Beard told Ryan Bridge there was discussion with suppliers to make any price increases as a result of fuel transparent, so they won’t get baked in.
She says businesses are preparing for the worst, but things at the moment aren’t too bad.
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International airlines could be forced to cut flights in and out of New Zealand if fuel shortages lead to a rationing of supply.
Concerns have been raised about airlines needing to make hard choices if fuel deliveries are disrupted by the ongoing Middle East conflict.
Board of Airline Representatives NZ executive director Cath O'Brien says there's still a low risk of planes getting stranded in a shortage, but airlines will need to be prepared.
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The fight is on to run New Zealand's largest farm.
Five contenders have put up their hand to commercially farm in Marlborough's Molesworth Recreation Reserve.
The Country's Jamie Mackay explained further.
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