Fonterra Cooperative Group’s managing director of its Asia Pacific, Middle East and Africa business unit, Pascal De Petrini, has resigned with immediate effect to take up a role with his former company and Fonterra arch competitor, the French food giant Danone, less than 18 months after moving to the world’s largest dairy exporter. De Petrini, who is a member of Fonterra’s management …

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. The transaction, valued at 3,464 million RMB (NZ$755 million) is well above the $615 million Fonterra indicated it would cost for a 20 percent …

New Zealand economic growth will slow over the next three years, while maintaining a “solid” pace, according to the NZ Institute of Economic Research’s consensus forecasts. The economy is expected to expand 3.3 percent in the year ending March 31, based on the median in the survey, slowing to a 2.9 percent pace in 2016, 2.8 percent in 2017 and 2.4 percent in …