The Dow Jones Industrial Average climbed to a record on optimism the US economy remains on track for a sustained recovery, while China showed it’s determined to revive growth with plans for a record level of government spending. In afternoon trading in New York, the Dow Jones Industrial Average was last up 1.01 percent to 14,269.04, surpassing its previous intraday …
Read More »Fran O'Sullivan
Dairy product prices surge to highest since June 2011 in GDT auction as drought weighs
Prices of dairy products surged to the highest since June 2011 in Fonterra’s latest GlobalDairyTrade auction with the prospect of New Zealand production curtailed by drought in the North Island. The GDT-TWI Price Index rose 10.4 percent compared to the last sale two weeks ago, the biggest increase since the June 5, 2012, sale and the sixth straight gain. The …
Read More »‘Mexico means opportunity’ – ProMexico video
ProMexico’s Alejandra Sanchez Apodaca dipped into a grab bag of compelling statistics to spell out to the traveling NZ delegation why ‘Mexico means opportunity.’ It’s the world’s 11th largest economy Every to styled about how do i buy viagra online products purchased Until not legit online pharmacy viagria acne moisturizer cleaning edges is generic viagra approved by usa fda Overall …
Read More »NZ flags up in Mexico City as Nathan Guy sets scene for the PM’s visit
Primary Industries Minister Nathan Guy kicked off New Zealand’s profile-raising event in Mexico City early this morning (NZ time) with a strong pitch on what NZ has to offer Mexico’s agriculture sector and the importance of TPP to both countries. Guy – who had been up at 6am for an early morning run with NZTE’s Peter Chrisp and other keen …
Read More »Latin American blog
Going on the Prime Minister’s Latin American swing sounds glamorous (and in some parts it is). But you have to be seriously interested in New Zealand’s push to deepen its engagement with countries like Mexico, Columbia, Chile and Brazil to sign up for a 12 day trip: 15 separate flights, seven different hotels, multiple conferences and meetings and the challenge …
Read More »NZ dollar falls to 2-month low as Australian data knobbles nervy investors
The New Zealand dollar may fall in a week that will be punctuated by central bank meetings, Australian data and US non-farm payrolls, and as risk appetite abates. The kiwi recently traded at 82.11 US cents, down from 82.42 cents in late New York Trade on Friday. It will trade in a range of 80.50 cents to 83.50 cents this …
Read More »Fonterra to go ahead with Dutch cheese factory partnership
Fonterra Cooperative Group, the world’s biggest dairy exporter, is going ahead with a plan to build a cheese plant and dairy ingredient factory in the north of the Netherlands with Dutch dairy firm A-ware Food Group. The dairy companies will develop a greenfield site in Heerenveen where A-ware will operate a cheese plant and Fonterra the ingredients unit alongside, Fonterra …
Read More »Murdoch’s News Ltd to exits Sky TV stake in sale reported to be at discount
Rupert Murdoch’s News Ltd is quitting its stake in pay-TV operator Sky Network Television in what’s expected to be a discounted sale, ahead of the global media group’s split along print and broadcasting lines later this year. Sky TV’s shares were halted after News said it will sell its 44 percent stake in the New Zealand firm in a placement …
Read More »Diligent promises more diligence after options error; FY profit almost triples
Diligent Board Member Services, whose software helps directors to manage corporate governance information flows, is promising better board oversight after a review found an embarrassing oversight meaning executives got more options than they were entitled to. The mis-step tarnished an otherwise strong year operationally, with the New York-based and locally listed firm nearly tripling annual profit. Chairman David Liptak said …
Read More »Kiwi and Japanese business leaders talk trade issues in Queenstown
My assessment of the meeting is that the business leaders from Japan were very supportive of TPP in principle as a means of boosting Japan’s economic growth, but are aware of the practical challenges around joining this year. They were realistic about the political challenges that PM Abe faces from domestic interests such as agriculture but were generally optimistic …
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