The New Zealand dollar slumped on concern a food contamination scare at Fonterra Cooperative Group, the nation’s largest dairy company, will hit exports. The kiwi fell to a month low of 76.99 US cents, and recently traded at 77.15 US cents from 78.31 cents at the New York close and 78.87 cents at the 5pm market close in Wellington on …

Fresh reassurances from central banks in the US and Europe that their policies will remain accommodative as long as needed to help revive economic growth continues to bolster Wall Street to record highs and that optimism seems here to stay. Sentiment is such that even mixed news is good news. Non-farm payrolls climbed a lower-than-expected 162,000 in July, though the …

Synlait Milk, the Rakaia-based milk processor which listed last month, says its infant formula products haven’t been caught up in Fonterra Cooperative Group’s botulism scare, and doesn’t expect any long-term impact on its own business. The company hasn’t used any whey protein concentrate WPC80 that has been recalled by Fonterra and the Ministry for Primary Industries, though it might get …

Fonterra is advising consumers of drinks and other products made by Coca Cola, Vitaco and Chinese drinks maker Wahaha, that its products are “safe to consume because of the way they are manufactured.” The statement does not include infant formula made by For with that cialis professional no prescription review brush smell would cialis prices look better the 5 mg …

Two of the world’s leading food and drink brands, Coca Cola and Danone, have issued product recalls following notification by New Zealand dairy producer Fonterra that they received an ingredient that included bacteria associated with the potentially fatal disease botulism. The whey protein concentrate, WPC80, is a dried product used as an ingredient in infant formula and sports drinks. In …

Fonterra, New Zealand’s largest company, has announced the first withdrawal of one of its own brands from the market, a cow’s milk replacement formula for feeding calves and not for human consumption, as global coverage of a botulism food scare widens. legitimate online job directory The news comes as the New Zealand government mobilises a 60-strong team of diplomats and …

onterra chief executive Theo Spierings is heading from Europe to China this weekend for meetings with manufacturers who have used contaminated whey powder supplied by the New Zealand dairy giant for use in infant formula and other products. The dairy cooperative is in crisis communications mode as it seeks to do the right thing by notifying that eight unnamed customers …

Fonterra has confirmed the whey powder at the centre of a botulism alert was shipped to customers at the time of its production, meaning it has been in the manufacturing supply chain for more than a year. jobs at home depot In an emailed response to questions from BusinessDesk, the managing director for Fonterra subsidiary NZ Milk Products, Gary Romanov …

New Zealand shares rose as Fisher & Paykel Healthcare benefited from a rival’s record earnings and investors pushed up market leaders Fletcher Building, Chorus and Telecom. The NZX Index rose 37.124 points, or 0.8 percent, to 4582.891. Within the index, 22 stocks rose, 12 fell and 16 were unchanged. Turnover was $100.9 million. F&P Healthcare rose 2.6 percent to $3.62 …

Bathurst Resources intends to oppose an application to the Court of Appeal by the Royal Forest & Bird Protection Society of New Zealand for special leave to appeal a decision related to Bathurst’s plan to mine for coal on the South Island’s West Coast. In June, the High Court rejected Forest & Bird’s application for leave to appeal a decision …