Yashili International Holdings, which makes and distributes infant milk formula products in China, has got Overseas Investment Office approval for its proposed 1.1 billion yuan ($212 million) milk processing plant in Pokeno. The company has three years to build the plant before its consent lapses, which will also impose “certain ongoing reporting responsibilities on Yashili New Zealand,” chairman Zhang Lidian …

Even before the Tiwai Point aluminium smelter opened in 1972, it was the subject of the same controversy now playing out. Right from the word go, governments have capitulated to hard-ball Aussie corporates – first Comalco, now Rio Tinto – who only ever invested in converting Aussie bauxite to metal because we promised them cheap electricity. That power is nominally …

The Financial Markets Authority says directors of the failed Blue Chip property investment group may yet face criminal charges as the regulator awaits the outcome of two lawsuits brought by investors. The FMA has been reviewing the case after a Supreme Court decision last year agreed with a group of investors that Blue Chip’s investment scheme marketing between 2005 and …