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 …
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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 »Canterbury better off as Commissioners’ leadership extended
Local Government Minister Chris Tremain says the passage of the Environment Canterbury (Temporary Commissioners and Improved Water Management) Amendment Bill will leave Canterbury better off. The bill passed its third reading in Parliament yesterday. “The Commissioners have done an outstanding job in turning around the situation in Canterbury over the last three years,” saysTremain. “They have been very effective in …
Read More »NZ dollar heads for 1.2 percent weekly fall as weak Chinese PMI adds to souring mood
The New Zealand dollar is heading for a 1.2 percent weekly fall against the greenback as weaker than expected Chinese manufacturing added to a souring mood among investors looking for reasons to sell. The kiwi traded at 82.71 US cents at 5pm in Wellington from 82.77 cents t 8am, down from 83.15 cents yesterday. The trade-weighted index decreased to 75.78 …
Read More »ANZ offers farm drought relief package
ANZ Bank announced an assistance package to help drought-affected farmers get through the Big Dry. Parts of Northland have had their driest February since records began. This week the Government declared a state of drought in Northland, and Federated Farmers expects other regions to follow soon. “As with any serious weather event that impacts on dairy and meat production, the …
Read More »Day two – Getting to know Mexico
Ministry of agriculture mexico… view agtricutrue and agribusiness – very import relationship nz – new administration..very similar to mexico – the vision…our president has instructed us to strengthen the relations we have with all countries of world.. mexico wants to strengthen and recover leadership role in different borders of world now open – borders to a point -no longer exist …
Read More »Ask me anything: Helen Clark takes to Reddit
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