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The New Zealand dairy industry is set to benefit by China’s decision to drastically slash the tariff on infant milk formula to bring down prices and secure supplies for its fast-growing middleclass. Buy MS Office 2010 Cheap The move comes just one day after China’s biggest dairy company Yili announced it will invest $214 million in establishing an infant milk …

Momentum stalled on Wall Street as did budget talks between Democrats and Republicans aimed at preventing the US from falling over a fiscal cliff at the end of the month. Today Republicans in Congress will vote on House Speaker John Boehner’s plan to raise taxes on incomes over US$1 million, a plan President Barack Obama would veto as he’s now …

Robert Oliver is Consulting Chef for New Zealand Trade and Enterprise in Shanghai. Watch this video to find out how New Zealand food companies can target niche markets in China, and why online food sales are important. photoshop cs6 free download

Smiths City Group, the Christchurch-based department store operator, posted a 2.6 percent gain in first-half profit saying retail conditions are difficult, especially for consumer electronics. Profit was $1.69 million in the six months ended Oct. 31, from $1.64 million a year earlier, the company said in a statement. Sales fell 0.2 percent to $109.7 million. Trading conditions “have been difficult,” …

buy snow leopard online Veritas Investments, the shell company listed on the NZX after Salvus Strategic Investments was wound up, has agreed to buy the Mad Butcher franchisor business in a $40 million cash and scrip deal, and will seek more funding from the public early next year. The NZX-listed firm will pay $20 million in cash and $20 million …

New Zealand business confidence fell this month, while holding at reasonably upbeat levels, continuing a monthly see-saw in the sentiment in an economy that’s only recording tepid growth. A net 23 percent of respondents in the ANZ Bank Business Outlook expect general business conditions to improve in the year ahead, down from 26 percent in the previous month’s survey. Those …

State-owned Meridian Energy sold its Energy for Industry subsidiary to Central Otago-based Pioneer Generation in a transaction worth more than $50 million. Energy for Industry, which was established in 2000, provides energy management services to companies, according to its website. The sale is part of Meridian’s plan to divest non-core subsidiaries, it said. Meridian is one of the state-owned power …

Rakon, which makes crystal oscillators used in mobile phones and navigation systems, cut its full-year earnings guidance because of sales delays and thinner margins. Earnings before interest, tax, depreciation and amortisation would be $8 million to $12 million in the year ending March 31, down from its August guidance of $14 million to $16 million. The downgrade is “due to …

Sam Morgan, who made his fortune when Trade Me was sold to Fairfax Media, has trimmed his holding in Xero, taking advantage of a share price that has soared by 179 percent this year. mac os x 10.4 download Morgan, a director of Xero, sold 1 million shares at $7.40 apiece in an off-market transaction to New Zealand institutions. The …

The New Zealand economy grew at a slower pace than expected in the September quarter as increased building activity provided a buffer from deteriorating mining, agricultural and manufacturing sectors. The kiwi dollar fell on the report. Gross domestic product grew 0.2 percent to $36.28 billion in the three months ended Sept. 30, from a 0.3 percent pace in the June …