Thursday , January 24 2019
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New Zealand

Get use to the security Alan – this is APEC.

Former Reserve Bank Governor Alan Bollard beat a swift retreat from the recent Russian APEC. Bollard clearly wasn’t used to being tracked by big ominous looking Russians and did not hang about after being announced as APEC’s new executive director.The APEC role is the ultimate when it comes to “herding cats” – aka the many officials from around the region who …

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Singing ‘rum and coca cola’ – Murray McCully to visit Jamaica, Cuba

Foreign Affairs Minister Murray McCully left has left the ‘Big Apple’ to visit Jamaica and Cuba for bilateral talks. McCully displayed considerable prowess at the United Nations where he delivered a cut-through address slamming the Security Council’s failure to deals with the mounting deaths in Syria. He wants the P5 – the club of five permanent council members; the US, Russia, …

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Institutions should stick with F&P

Comment  Why doesn’t Tower Investment’s Sam Stubbs round up a few institutional investors in Fisher & Paykel Appliances and go pay a call on Haier at its China HQ and say they want to stay in with the company for the long haul? How hard would it be for the mercurial Stubbs to muster a coalition of the usual suspects …

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Steven Joyce: NZ dollar could hit USD parity

Video  Economic Development Minister Steven Joyce says that while the closure of one paper machine at the Kawerau mill was a consequence of the fact that newsprint making was a “declining industry”. Speaking this weekend on TV3’s “The Nation” he rejected claims from the mill owners, Norske Skog, that the high New Zealand dollar was a factor in the closure. …

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Who owns what for an answer start here

Blowing in the wind … John Key grapples with the problems of ownership. Photo / Mark Mitchell Comment  Mr Speaker, I rise today in this House to introduce legislation to vest all natural resources – water, geothermal steam, airwaves, aquifers and, for the avoidance of doubt, all minerals, ironsands, magma, rare earth deposits, coal, lignite, methane and uranium in this …

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Agriculture sweetner proposed for Russians

New Zealand has proposed a special agricultural co-operation chapter should be injected into the free trade agreement (FTA) with the Russian-led customs union to help overcome fears by Russian farmers. Trade Minister Tim Groser dispatched New Zealand’s chief negotiator Vangelis Vitalis to Moscow this week to make progress on issues blocking the successful completion of the FTA with Russia and …

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Groser going for top WTO job

Trade Minister Tim Groser will throw his hat into the ring for the top international trade job – director-general of the World Trade Organisation. Groser has yet to formally announce his candidacy for the leading role in international trade diplomacy. He was due to leave New Zealand today for trade talks in Cambodia and Vladivostock, but has confirmed to the …

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Much at stake in Crafar court ruling

Comment  It was hard to suppress the image of a black-singleted John Clarke singing, “If it weren’t for your gumboots, where would ya be?” when I took part in a Federated Farmers debate on foreign ownership. The proposition that “if foreigners want to own dairy farms in New Zealand, they should put on their gumboots and come and live here”, …

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Fonterra – Another step, but road ahead looks rocky

Fonterra’s top brass emerged from their Monday board meeting claiming a clear mandate to proceed with the controversial trading among farmers (TAF) scheme. It’s going to take a lot of work to rebuild trust between the Fonterra board and management, and many of their farmer shareholders if TAF is to be bedded down without more public brawling. A week before …

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