Tag Archives: China

newzealandinc.com couldn’t resist giving KRudd’s famous video one final airing after the Aussie Prime Minister called on “our friends in Beijing” to get on with the FTA with Australia. (The amusing video was leaked by the Gillard camp when they set out to roll Rudd in 2010). But that was then. Rudd has now called on China – Australia’s largest …

Shareholders of Synlait Ltd may sell 19 million shares of Synlait Milk as part of the dairy company’s initial public offering while Bright Dairy won’t participate in the sale, according to Synlait Milk’s prospectus. The Rakaia-based Synlait Milk will raise about $120 million from the IPO, of which $75 million will come from new shares and the remaining $45 million …

Stocks on both sides of the Atlantic sank after a report showing China’s manufacturing decreased at a faster rate in May and as investors digested Federal Reserve Chairman Ben Bernanke’s comments that the bank may soon begin paring its stimulus. Yesterday Bernanke said the Fed may downsize its US$85 billion-a-month bond-buying program later this year if the economy strengthens in …

Friday’s May US payrolls report appears to have quieted, but not put to rest, the main focus of investors: when will the US Federal Reserve begin to temper its monthly bond-buying program? Initially this week, the focus has shifted to Asia where there were signs of deepening weakness in China, fuelling concern about the slowdown in the world’s second-largest economy …

New Zealand has stopped issuing export certificates for beef and lamb bound for China pending resolution of a paperwork glitch that has left frozen product sitting on Chinese wharves. Ministry for Primary Industries deputy director-general Andrew Coleman told reporters at Parliament that he couldn’t say how much meat was caught by the hold up, which has been blamed on a …

Chinese food giant Bright Dairy & Food will give up its controlling stake when local dairy processor Synlait Milk is listing on the stock exchange, retaining its stake without participating in the share sale. Shanghai-based Bright Dairy is expected to keep its investment, diluting its 51 percent stake into the 40s. Other shareholders will have the opportunity to sell some …

Synlait Milk, the dairy company controlled by China’s Bright Dairy & Food, is considering an initial public offering in New Zealand three years after abandoning such a capital raising because of lack of investor demand. Bright Dairy emerged with a 51 percent stake in 2010, paying $82 million and said at the time it would consider a share market listing …

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Synlait Milk, which operates the largest purpose built infant formula plant in the southern hemisphere, will spend $15 million to enable its factory to produce more soluble powder for China’s expanding US$15 billion market. The move will enable Canterbury-based Synlait to better compete with Dutch-based FrieslandCampina which operates the world’s only other factory able to produce lactoferrin as a spray …

The Australian and New Zealand dollars fell after a measure of manufacturing in China grew at a slower-than-expected pace this month, stoking concerns that the world’s second-biggest economy is stumbling and global expansion is more muted. The HSBC Flash Purchasing Managers Index fell to 50.5 in April from 51.6 in March, missing estimates in a Bloomberg survey of 51.5. The …