Friday , March 31 2017
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Trade

O’Sullivan: Saudi deal: bribe or facilitation payment?

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Auditor-General Lyn Provost must investigate Murray McCully’s secret Saudi deal, which is attracting far too much adverse comment on the international stage to be easily swept under the carpet. Cabinet documents do not shed sufficient light on why McCully spearheaded an initiative which at its kindest interpretation resulted in a …

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NZ posts bigger-than-expected trade surplus in March

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New Zealand recorded a bigger-than-expected trade surplus in March, as exports fell less than forecast. Statistics New Zealand said the trade surplus was $631 million in March, bigger than the $341 million expected in a Reuters poll of economists and compared with a February surplus of $83 million. Excluding the …

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Minister opens NZ primary sector Shanghai office

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Economic Development Minister Steven Joyce has officially opened the Shanghai office of Primary Collaboration New Zealand (PCNZ) – a coalition of New Zealand food and beverage companies pooling their expertise in China. Joyce, who is currently visiting Shanghai to foster business ties between New Zealand and China, says the new …

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Fonterra buys 18.8% of China’s Beingmate for about $755 million

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Fonterra Cooperative Group, the world’s largest dairy exporter, has acquired 18.8 percent of Shenzen-listed Beingmate Baby & Child Food, falling short of the stake of up to 20 percent it was seeking in a partial tender offer. The transaction, valued at 3,464 million RMB (NZ$755 million) is well above the $615 …

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Sir Graeme funds professorial chair in global value chains and trade

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Graeme Harrison, chairman of meat company Anzco Foods, is to fund a new professorial chair in global value chains and trade at Lincoln University, initially for a term of five years.  The new position will sit within the university’s agribusiness and commerce faculty, which already has a global value chain …

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Landcorp seeks to fatten sheep returns through wool deal, milk

Landcorp, New Zealand’s largest corporate farmer, plans to increase returns from sheep, signing a three-year contract with NZ Merino to manage its entire wool clip and seeking board approval next month to build a new shed to trial milking some of the flock. The state-owned enterprise indicated last July it was taking a serious …

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Alan Oxley: Trade deals need to remain focused on trade

Comment  By Alan Oxley Last week’s APEC Leaders’ Meeting in Beijing was more significant than many business leaders realise – and certainly more important than the anti-trade protests that gained headlines across New Zealand. For the first time, there was a genuine agreement – and push — on  a broader …

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