SAO PAULO–The European Union threw its support this week behind Brazil’s Roberto Azevedo and Mexico’s Herminio Blanco to take over as head of the World Trade Organization after Director General Pascal Lamy steps down later this year, U.K. Business Secretary Vince Cable said Wednesday. Azevedo, the current Brazil representative at the WTO, “was one of two nominees put forward by …

Fonterra Cooperative Group’s managing director of the Asia Pacific/Middle East/Africa (APMEA) unit Mark Wilson will leave at the end of the month to attend to “family health matters” after overseeing a management restructure of the regional business. Chief executive Theo Spierings said Wilson had overseen the creation of the new APMEA unit in November when the Australia and New Zealand …

Warehouse Group, New Zealand’s biggest listed retailer, will reap a pretax gain of between $14 million and $15 million from the sale of Silverdale Centre in Auckland after developing the shopping complex on land it had owned for almost two decades. Listed property investors DNZ Property Fund agreed to buy the fully-leased property for $78 million in a move that …