Tuesday , October 16 2018
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RMB maturing as cross-border usage broadens – HSBC

An HSBC survey has revealed widespread confidence in the future of RMB as a major global trade and investment currency amongst mainland Chinese corporates. The vast majority (77%) of Chinese corporates surveyed expect one-third of all Chinese trade (US$2 trillion) to be conducted in RMB by 2015 (versus 10% in the …

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Rakon shifts more work to China – Labour gets hyperbolic

brent Robinson.job

Updated  On the day Fisher and Paykel was sold overseas Rakon outsourced high-paying jobs to Asia, marking a dark day for Kiwi high-tech manufacturing, says Labour’s Economic Development spokesperson David Cunliffe. “Today New Zealand technology manufacturing lost an icon and 60 good jobs overseas. It’s a dark day for high-tech …

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John Key’s China Anniversary Party delayed

Comment  John Key will take the political temperature of the administration in 2013. Prime Minister John Key will now have to wait until 2013 to take the political temperature of the new Chinese Administration. The Key Government this week finally postponed plans to celebrate the 40th anniversary of diplomatic relations …

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Haier takeover in the bag – proceeds to mopup outstanding F&P shares

Updated  Haier has got over the 90 per cent threshold to take full control of Fisher & Paykel Appliances. It will now compulsorily acquire remaining shares and delist the company. Haier New Zealand Investment’s offer for all the shares in Fisher & Payel Appliances went unconditional last week. NZ Inc earlier reported …

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NDRC approves Haier takeover for Fisher & Paykel Appliances

Haier New Zealand Investment Company Ltd (Haier) has received necessary approvals from China’s National Development and Reform Commission (NDRC) to proceed with its offer to acquire all the shares in Fisher & Paykel Appliances Holdings Ltd. The offer remains subject to other regulatory approvals, including from the New Zealand Overseas …

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A2 Corporation appoints Chinese SOE as its mainland distributor

China’s $US6 billion a year nutritional powders market will have a new competitor  next year with the launch a2 branded ‘natural milk’ powders. To further its entry into the Chinese market which is growing around 12 per cent a year, A2 Corporation has appointed China State Farms (Shanghai) as its …

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China’s Haier sweetens bid for NZ’s F&P Appliances

BusinessDesk  Chinese whiteware maker Haier has pushed its bid Fisher & Paykel Appliances to $1.28 a share, the bottom end of the independent valuation range, gaining crucial support from institutional investors to meet its 50 percent minimum acceptance threshold. Haier raised its bid 8 cents a share, bringing it within …

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