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.… Full Story →
Economic reform in China, one of New Zealand’s largest trading partners accounting for 22 percent of exports, is a lower priority than trying to save the future of the Communist party, according to Wall Street Journal columnist Andy Browne.… Full Story →
Synlait Milk, the listed dairy processor, has cut its forecast market milk price for the 2014/2015 season along with a corresponding decrease in advance rates to farmers due to depressed global dairy prices.… Full Story →
Kiwi scientist Dr Phil Rolston has been awarded the Chinese Government’s most prestigious science prize for his work in grasslands seed development.… Full Story →
New Zealand jetpack maker, Martin Aircraft Co, has secured more than twice the $25 million funding it has been seeking in a proposed initial public offering on the Australian Stock Exchange to commercialise its single person flying machines, with a commitment of A$50 million ($53 million) to fund a 30 month commercialisation plan, from Hong Kong Stock Exchange-listed KuangChi Science.… Full Story →
The Chinese government has its eye on an unknown number of New Zealand-resident Chinese citizens who are thought to have established themselves here with funds obtained through corrupt practices, the Prime Minister, John Key, says.… Full Story →
Delegat’s Group, the listed winemaker, plans to put a toehold in China next year as part of a long-term goal of boosting overall sales by 52 percent in the next five years.… Full Story →
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.… Full Story →
NZX, New Zealand’s stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets.… Full Story →
A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will take over the distribution in Asia’s largest economy.… Full Story →
- New Zealand export log prices edge up in November; Chinese demand remains weak
New Zealand export log prices edged up in November although demand from China, the country’s largest market, is likely to remain subdued until the second quarter of next year.
- World Week Ahead: Bulls bounce back
A slew of US corporate earnings and Chinese economic data will form the key focus in the coming days as Friday’s rebound could not prevent Wall Street from sliding for a fourth consecutive week amid concern about global growth.
- Berry company OOB wins ice-cream contracts in China
Berry company OOB has sealed two deals with Shanghai-based companies to sell its organic ice-cream.
- A2 Milk, hit by strong kiwi, to use Australian cash for global expansion
A2 Milk Co, which markets milk with a protein variant said to have health benefits, will ramp up its expansion in the US, the UK and Asia using cash generated in its biggest market of Australia after a year in which a strong kiwi slashed the value of sales and earnings.
- Synlait beats prospectus forecast as full-year profit more than doubles
Synlait Milk, the Canterbury-based dairy processor that went public in July, posted a 161 percent jump in full-year profit, beating its prospectus forecast, although infant formula sales missed its target.