The softer New Zealand dollar means more Australian tourists are flocking across the ditch for holidays and long weekends. Meanwhile, Kiwis are increasingly migrating to Australia to escape their country’s economic weakness.

On this week’s Bloomberg Australia Podcast, Chris Bourke talks with Ainsley Thomson in Wellington about why New Zealand’s currency has weakened, the impact on its tourism industry and why Kiwis are leaving in droves.

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Macquarie’s reputation as Australia’s “millionaires factory” is under strain. The investment giant’s latest profit fell short of expectations, sending its shares sliding and investors questioning whether its golden era is fading. Commodities trading – once the powerhouse of the bank – is losing steam amid regulatory pressure and a calmer market, while leadership faces scrutiny over pay and performance.

Bloomberg’s finance editor Adam Haigh joins Rebecca Jones to unpack what’s gone wrong, where the bright spots remain, and whether CEO Shemara Wikramanayake can steady the ship. Plus, how Macquarie stacks up against Australia’s big four banks in an increasingly competitive lending and investment landscape.

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Gina Rinehart, Australia's richest person, has seen her fortune grow even larger in the last few years, thanks to astute early investing in rare earths. In this episode, we look how the Rinehart-owned Hancock Prospecting Pty almost doubled its stake in Arafura Rare Earths Ltd. and the broader global landscape of the tussle for rare earths.

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