Wednesday , April 26 2017
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China

Q&A: Steven Joyce on Lochinver, Silver Fern Farms

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The proposed sale of Lochinver Station near Taupo to a Chinese investor was part of a contentious debate over foreign investment at the last election a year ago today, and it’s taken until this week for the Government to make its final call on the deal. It’s been vetoed, the …

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The Nation: Steven Joyce on Govt’s block Lochinver station sale

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The Nation edited transcript: Lisa Owen interviews Steven Joyce Lisa Owen: So while National’s well ahead in the polls, it’s not been a year without its challenges. National’s campaign chief and, of course, Economic Development Minister Steven Joyce joins me now. Good morning. Steven Joyce: Every year has its challenges, Lisa. …

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Bennett denies scuttling of Lochinver sale was political; decision raises questions for future OIO rulings

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By Paul McBeth and Jonathan Underhill Sept. 17 (BusinessDesk) – Associate Finance Minister Paula Bennett says the government’s decision to reject the Overseas Investment Office’s recommendation on the sale of Lochinver Station to Shanghai Pengxin wasn’t political and ultimately she wasn’t convinced the deal provided enough benefit to New Zealand. The …

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While you were sleeping: China sparks global rally

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Shares on both sides of the Atlantic moved higher, triggered in part by a late surge in Chinese equities, amid optimism China’s government will act to support its flagging economy. In New York trading at about 2.45pm, the Dow Jones industrial average rose 2.3 percent, the Standard & Poor’s 500 …

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World Week Ahead: China hogs the limelight

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Chinese investors, who return to trading after a four-day break, may be the key to sentiment this week and whether global equities will remain volatile. China’s stock markets were closed last Thursday and Friday for ceremonies to mark the end of World War II. Ahead of the resumption of trade, …

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Morrison fund raises RMB1.87billion for Chinese renewable investments

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HRL Morrison & Co subsidiary JIDA Capital Partners and Shenzhen-based CGN Private Equity Fund Management have raised 1.87 billion Chinese yuan (NZ$451.7 million) from institutional investors to launch a new fund focusing on Chinese renewable energy assets. The unlisted private equity infrastructure fund, CGN Fund III, is seeking to raise …

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Beingmate shares drop to 2 1/2 year low in Chinese stock rout

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Beingmate Baby & Child Food Co shares fell to their lowest since February 2013, after being caught up in the global share-market rout that’s dented Chinese equity markets, slicing more than $200 million from Fonterra Cooperative Group’s investment in the Hanzhou-based infant formula maker. The Shenzhen stock exchange-listed shares dropped …

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Keith Woodford: Fonterra and China

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There is no escaping that Fonterra’s path forward has to be closely linked to China. No-one else needs and has the ability to pay for New Zealand milk in the quantities that we have available to supply. Whether that means we are over-exposed is a matter of perspective. But that …

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