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Tag Archives: China

NZX milk futures point to further declines in prices

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A slump in the price of whole milk powder, New Zealand’s key dairy export, is likely to continue according to traders who are pricing in further declines on the NZX futures market. The price for whole milk powder dropped 13.1 percent to an average US$1,848 a tonne at the latest GlobalDairyTrade auction ...

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While you were sleeping: China concerns grow

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Wall Street fell, along with European equities, amid concern about the persistent fire-sale of Chinese stocks and the outlook for the Asian nation’s economy. A 5.9 percent slump in the Shanghai Composite Index Wednesday brought its plunge since June 12 to 32 percent, according to Bloomberg. “The China selloff is spooking ...

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Fonterra raises $230 mln in dim sum bond to fund Beingmate investment

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Fonterra Cooperative Group, the world’s largest dairy exporter, sold its third dim sum bond, raising 1 billion Chinese yuan, or $230 million, with the proceeds helping fund the stake in Beingmate Baby & Child Food.  The five-year bond, which is priced in yuan but issued outside of China to tap international investors, will carry ...

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Former PM Jenny Shipley keen to leverage Boao Forum appointment

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Former Prime Minister Jenny Shipley wants New Zealand firms to take advantage of her appointment to the board of the Boao Forum, which is made up of global political and commercial leaders, to seek business opportunities in Asia. Shipley was appointed to the board last month at the forum, which is focused ...

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